We are very serious about fiduciary issues.
As rental managers it is our solemn charge to keep close track on every penny of income and each expense. Our staff work hard to make sure that every landlord has the opportunity to understand exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
We usually 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 rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Basye Rental Management Resources
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Basics
Basic info regarding property management in Basye.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
List your property to rent to find a dependable tenant in Basye fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
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Cost
A breakdown of prices of rental management services in Basye
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Vetting
How Nesbitt Realty vets tenants for property owners.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage property?
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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 know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to learn more about Basye and neighboring areas. The Guide to Real Estate has data regarding what has sold and what is for sale, and a few shocking facts that you may not be aware of. In addition, our Guide has many of the benefits of residing in Basye. As might be expected, most of this is useful for purchasers and sellers, but landlords and renters should also find these tools to be very informative.