We are especially meticulous with fiduciary issues.
As property managers it is our solemn charge to reconcile every penny of income and each expense. All of us work diligently to make sure that each rental property owner has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task 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 states the rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the property owner.
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. At the end of the year, we organize the monthly statements into a year-end report. In January we send to the rental investors, 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.
Hume_Springs Rental Management Resources
Basics
Basic info about what management services in Hume_Springs.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Hume_Springs fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of property management services in Hume_Springs
Vetting
How Nesbitt Realty vets renters 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 want know more about the area?
Our Guide to Real Estate is a free resource for everyone who needs to learn more about Hume_Springs and surrounding areas. The Guide to Real Estate has facts regarding what has sold and what is for sale, as well as a couple of surprising facts that you might not be aware of. Not to mention, our Guide features many of the aspects of life in Hume_Springs. Definitely, all of this is interesting for purchasers and sellers, but real estate investors and renters will also find this information to be very edifying.