We are extremely precise about financial details.
As rental managers it is our solemn charge to account for every penny of income and each expense. Our team work relentlessly to ensure that each property owner has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs 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 shows the rental income as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up 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 property owners, 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.
Crystal_springs_knolls Property Management Resources
Basics
Elementary info regarding management services in Crystal_springs_knolls.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Crystal_springs_knolls fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management in Crystal_springs_knolls
Vetting
How Nesbitt Realty vets tenants 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.
Should you know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who hopes to find out more about Crystal_springs_knolls and nearby communities. The Guide to Real Estate includes data regarding what has sold and what is on the market, as well as many surprising facts that you might not be aware of. Not to mention, our Guide highlights some aspects of life in Crystal_springs_knolls. Definitely, most of this is helpful for purchasers and sellers, but owners and renters may also find the facts to be somewhat enlightening.