We are especially conscientious regarding financial matters.
As property managers it is our duty to keep close track on every cent of income and each expense. All of us work diligently to ensure that every landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the rental property owner.
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 report. In January we send to the landlords, 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.
Stokes_Jeramiah Property Management Resources
Basics
Basic info about what property management in Stokes_Jeramiah.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable renter in Stokes_Jeramiah fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in Stokes_Jeramiah
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 need know more about the local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who wants to find out more about Stokes_Jeramiah and surrounding communities. The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as many interesting facts that you might not know. Also, our Guide highlights quite a few of the fundamentals of residing in Stokes_Jeramiah. Of course, all of this is useful for purchasers and sellers, but rental investors and tenants should also find these resources to be very useful.