We are extra attentive with fiduciary issues.
As rental property managers it is our solemn charge to account for every cent of income and each expense. Our team work diligently to make sure that every landlord has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in the management business: Rent Manager.
We usually 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 which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what reserves 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 marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Skyline_Homes Property Management Resources
Basics
Fundamental information regarding rental managment in Skyline_Homes.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable renter in Skyline_Homes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management services in Skyline_Homes
Vetting
How Nesbitt Realty vets tenants for landlords.
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 need know more about our community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to learn more about Skyline_Homes and surrounding communities. The Guide to Real Estate has data regarding what has sold and what is currently listed, as well as many interesting facts that you might not be aware of. Furthermore, our Guide spotlights quite a few of the fundamentals of residing in Skyline_Homes. Of course, all of this is useful for purchasers and sellers, but real estate investors and renters will likely also find these resources to be quite edifying.