We are extremely meticulous with financial matters.
As rental property managers it is our duty to account for every penny of income and each expense. All of us work hard to make sure that each property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: Rent Manager.
We usually 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 which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, 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 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.
Island_Creek Property Management Resources
Basics
Elementary information about what property management in Island_Creek.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Island_Creek fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management in Island_Creek
Vetting
How Nesbitt Realty vets renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 community?
Our Guide to Real Estate is a handy tool for everyone who needs to find out more about Island_Creek and surrounding communities. The Guide to Real Estate compiles facts regarding what has sold and what is currently listed, as well as some shocking facts that you may not know. Not to mention, our Guide features quite a few of the aspects of living in Island_Creek. Of course, most of this is helpful for purchasers and sellers, but real estate investors and renters will also find these resources to be very eye-opening.