We are extremely precise about money issues.
As rental property managers it is our duty to keep close track on every penny of rent and each expense. All of us work relentlessly to make sure that each property owner has the opportunity 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 the management business: 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 expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will describe what monies we are holding on behalf of the property owner.
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 report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Island_creek Property Management Resources
Basics
Fundamental info regarding property management in Island_creek.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Island_creek fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in Island_creek
Vetting
How Nesbitt Realty vets renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 community?
Our Guide to Real Estate is a free tool for everyone who wants to review important real estate information about Island_creek and neighboring areas. The Guide to Real Estate provides data about what has sold and what is for sale, and a few shocking facts that you may not be aware of. Furthermore, our Guide spotlights some assets of life in Island_creek. Of course, all of this is interesting for purchasers and sellers, but real estate investors and tenants will probably also find this data to be quite sobering.