We are especially serious about fiduciary issues.
As rental property managers it is our solemn charge to account for every cent of rent and each expense. Our team work relentlessly to make sure that each landlord has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools 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 bills that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Mill Stream Property Management Resources
Basics
Elementary info about what rental managment in Mill Stream.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Mill Stream fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management services in Mill Stream
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental property?
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 this area?
Our Guide to Real Estate is a free tool for anyone who hopes to find out more about Mill Stream and nearby areas. The Guide to Real Estate provides facts regarding what has sold and what is on the market, as well as many interesting facts that you may not know. In addition, our Guide spotlights many of the aspects of living in Mill Stream. Of course, all of this is interesting for buyers and sellers, but property owners and tenants may also find these resources to be somewhat enlightening.