We are especially conscientious regarding accounting matters.
As rental managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work relentlessly to make sure that each real estate investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.
We strive 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 which we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will describe what reserves we are holding on behalf of the property owner.
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. At the end of the year, we organize the monthly statements into a year-end statement. 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 give the 1099 to your tax preparer.
St Elmo Rental Management Resources
Basics
Elementary information regarding management services in St Elmo.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in St Elmo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in St Elmo
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.
Should you understand more about our community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who hopes to review important real estate information about St Elmo and nearby areas. The Guide to Real Estate has data regarding what has sold and what is on the market, and many shocking facts that you might not be aware of. Not to mention, our Guide has many of the fundamentals of life in St Elmo. Yes, most of this is useful for buyers and sellers, but landlords and renters will probably also find this data to be very sobering.