We are especially conscientious regarding financial matters.
As rental managers it is our solemn charge to keep close track on every penny of rent and each expense. Our staff work hard to make sure that every real estate investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools 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 rental income as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 reports into a year-end report. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Parker Gray Property Management Resources
Basics
Basic info regarding property management in Parker Gray.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Parker Gray fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Parker Gray
Vetting
How Nesbitt Realty vets renters for property owners.
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.
Should you understand more about this area?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who needs to find out more about Parker Gray and nearby communities. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, and a couple of surprising facts that you might not know. Also, our Guide has some assets of residing in Parker Gray. Definitely, all of this is useful for purchasers and sellers, but owners and renters will likely also find the facts to be quite sobering.