We are especially precise about money details.
As property managers it is our solemn charge to reconcile every penny of income and each expense. All of us work relentlessly to ensure that each rental investor has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
We strive 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 states the rental income as well as any expenses which we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the rental investor.
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 statements into a year-end report. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Altavista Rental Management Resources
Basics
Elementary information about what rental managment in Altavista.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Altavista fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of property management services in Altavista
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.
Do you need know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who hopes to investigate real estate facts about Altavista and neighboring areas. The Guide to Real Estate compiles facts about what has sold and what is on the market, as well as a couple of compelling facts that you may not be aware of. Not to mention, our Guide has many of the elements of life in Altavista. Of course, most of this is helpful for buyers and sellers, but real estate investors and renters might also find this information to be quite informative.