We are extra careful with accounting details.
As rental property managers it is our duty to account for every cent of income and each expense. Our staff work diligently to ensure that every property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: Rent Manager.
It is our practice to process and deposit rents on the same day they are received. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rent received as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report. In January we send to the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Sunset Heights Property Management Resources
Basics
Basic information regarding rental managment in Sunset Heights.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Sunset Heights fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in Sunset Heights
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
Clients
Who uses Nesbitt Realty management services?
Your investment in real estate is a business like any other. As a landlord, you have expenses, income and with perseverance, you also have the expectation of financial reward.
In the business of real estate investment, nearly all cashflow comes from tenants. And that's the catch: If you have tenants, you will have problems. Even the best of tenants have needs and all properties will require maintenance or management at some point. A property management company takes all the hassle out of rental management.
Do you want understand more about the local real estate market?
Our Guide to Real Estate is a free tool for everyone who wants to find out more about Sunset Heights and surrounding areas. The Guide to Real Estate includes facts about what has sold and what is for sale, and a couple of interesting facts that you might not know. Furthermore, our Guide features many of the assets of living in Sunset Heights. As might be expected, most of this is helpful for purchasers and sellers, but rental investors and renters should also find these resources to be quite informative.