We are extra meticulous with fiduciary matters.
As property managers it is our duty to keep close track on every penny of rent and each expense. Our team work diligently to make sure that every rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We always try to 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 expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, 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 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 hand the 1099 to your tax preparer.
Crystal_Park Rental Management Resources
Basics
Basic info about what property management in Crystal_Park.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Crystal_Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in Crystal_Park
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 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 area?
Our Guide to Real Estate is a handy resource for anyone who needs to investigate real estate facts about Crystal_Park and nearby areas. The Guide to Real Estate compiles facts about what has sold and what is on the market, as well as some interesting facts that you may not know. Furthermore, our Guide spotlights many of the elements of life in Crystal_Park. Certainly, all of this is helpful for purchasers and sellers, but owners and tenants should also find this data to be quite informative.