We are extra careful with financial details.
As rental property managers it is our solemn charge to account for every cent of rent and each expense. Our staff work diligently to make sure that each landlord has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful software tools 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 rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what monies 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 pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we mail the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Port Royal Rental Management Resources
Basics
Fundamental info regarding management services in Port Royal.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Port Royal fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Port Royal
Vetting
How Nesbitt Realty vets renters for our clients.
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.
Should you understand more about the area?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Port Royal and surrounding communities. The Guide to Real Estate provides facts about what has sold and what is for sale, as well as some surprising facts that you might not know. Furthermore, our Guide highlights many of the assets of life in Port Royal. Of course, all of this is useful for buyers and sellers, but real estate investors and tenants may also find this data to be somewhat informative.