We are extremely careful with accounting matters.
As rental property managers it is our solemn charge to account for every cent of income and each expense. Our team work hard to ensure that every rental investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: Rent Manager.
We strive to process and deposit rents on the same day they are received. Rents 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 that we have paid on the rental investor's behalf. The monthly statement is also available online. 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. Also, 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 reports into a year-end statement. In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Indian_Spring Rental Management Resources
Basics
Basic info regarding management services in Indian_Spring.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Indian_Spring fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with rental management in Indian_Spring
Vetting
How Nesbitt Realty vets renters 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 the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to find out more about Indian_Spring and nearby areas. The Guide to Real Estate has data regarding what has sold and what is on the market, and some shocking facts that you might not know. Also, our Guide features some elements of life in Indian_Spring. As might be expected, all of this is useful for purchasers and sellers, but rental investors and tenants might also find this data to be quite enlightening.