We are especially careful with fiduciary matters.
As property managers it is our duty to keep close track on every penny of rent and each expense. Our team work hard to make sure that each property owner has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We always try 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 rental income as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will show what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end statement. In January we send to the landlords, 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.
Exchange_at_van_dorn Property Management Resources
Basics
Elementary information regarding property management in Exchange_at_van_dorn.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Exchange_at_van_dorn fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Exchange_at_van_dorn
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 need understand more about this community?
Our Guide to Real Estate is a handy resource for everyone who needs to learn more about Exchange_at_van_dorn and neighboring areas. The Guide to Real Estate has data about what has sold and what is currently listed, as well as some surprising facts that you may not be aware of. Also, our Guide has quite a few of the aspects of living in Exchange_at_van_dorn. Of course, all of this is helpful for purchasers and sellers, but owners and renters will probably also find the facts to be quite informative.