We are very attentive with fiduciary details.
As rental managers it is our duty to reconcile every penny of income and each expense. Our team work relentlessly to ensure that each landlord has the documentation to know exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: 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 rental income as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the landlord.
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 statements 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 property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Clusters_at_woodlawn Rental Management Resources
Basics
Elementary information about what property management 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 tenant in Clusters_at_woodlawn fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management in Clusters_at_woodlawn
Vetting
How Nesbitt Realty checks the backgrounds of 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.
Do you want know more about our area?
Our Guide to Real Estate is a handy resource for everyone who needs to find out more about Clusters_at_woodlawn and surrounding communities. The Guide to Real Estate has information regarding what has sold and what is currently listed, and many shocking facts that you might not know. In addition, our Guide features many of the assets of residing in Clusters_at_woodlawn. Naturally, most of this is helpful for buyers and sellers, but real estate investors and tenants will probably also find these resources to be somewhat useful.