We are especially precise about fiduciary issues.
As rental property managers it is our duty to keep close track on every penny of income and each expense. Our team work hard to make sure that every rental property owner has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: 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 states 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 online. The monthly statement will show what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Not to mention, 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 report. In January we send to 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.
Clusters At Woodlawn Property Management Resources
Basics
Fundamental info about what management services in Clusters At Woodlawn.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Clusters At Woodlawn fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management in Clusters At Woodlawn
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 this community?
Our Guide to Real Estate is a handy tool for everyone who wants to learn more about Clusters At Woodlawn and surrounding communities. The Guide to Real Estate has data regarding what has sold and what is for sale, as well as some compelling facts that you might not be aware of. In addition, our Guide has many of the benefits of residing in Clusters At Woodlawn. Naturally, all of this is interesting for buyers and sellers, but rental investors and renters might also find the facts to be quite sobering.