We are extremely attentive with fiduciary matters.
As property managers it is our solemn charge to account for every penny of rent and each expense. Our team work hard to make sure that each real estate investor has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs 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 shows the rental income as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what funds we are holding on behalf of the property owner.
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. At the end of the year, we organize the monthly statements 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.
Barcroft Property Management Resources
Basics
Elementary info regarding management services in Barcroft.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable renter in Barcroft fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with property management services in Barcroft
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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.
Do you want understand more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who hopes to review important real estate information about Barcroft and surrounding communities. The Guide to Real Estate provides data about what has sold and what is currently listed, and a couple of surprising facts that you might not be aware of. And, our Guide has some assets of life in Barcroft. Naturally, all of this is interesting for purchasers and sellers, but property owners and tenants may also find this data to be quite eye-opening.