We are very precise about fiduciary details.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. Our team work relentlessly to make sure that each rental investor has the documentation to know 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.
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 states the rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail 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.
Country_Club_Grove Rental Management Resources
Basics
Basic information regarding property management in Country_Club_Grove.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Country_Club_Grove fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with property management services in Country_Club_Grove
Vetting
How Nesbitt Realty checks the backgrounds of 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.
Do you need understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to review important real estate information about Country_Club_Grove and neighboring areas. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, as well as some interesting facts that you might not know. Not to mention, our Guide has quite a few of the assets of living in Country_Club_Grove. Naturally, most of this is useful for purchasers and sellers, but property owners and renters might also find the facts to be somewhat useful.