We are extra serious about fiduciary details.
As rental managers it is our duty to account for every penny of income and each expense. Our team work relentlessly to make sure that every rental property owner has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in the management business: Rent Manager.
We always try 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 shows the rent received as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the landlord.
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 compile the monthly statements into a year-end statement. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Crystal_Springs_Knolls Rental Management Resources
Basics
Fundamental info regarding property management 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 real estate investors?
Cost
An overview of fees associated with rental management services in Crystal_Springs_Knolls
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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.
Do you need know more about this community?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who wants to review important real estate information about Crystal_Springs_Knolls and surrounding communities. The Guide to Real Estate has facts about what has sold and what is currently listed, as well as many compelling facts that you might not be aware of. Furthermore, our Guide features quite a few of the fundamentals of living in Crystal_Springs_Knolls. Of course, all of this is interesting for purchasers and sellers, but rental investors and renters may also find this data to be quite enlightening.