We are extra attentive with financial issues.
As property managers it is our solemn charge to account for every cent of rent and each expense. Our staff work diligently to make sure that each landlord has the documentation to see 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 states the rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the real estate investor.
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 compile the monthly statements into a year-end statement. In January we mail 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 give the 1099 to your tax preparer.
Lacy_Lane Property Management Resources
Basics
Fundamental information regarding property management in Lacy_Lane.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Lacy_Lane fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management in Lacy_Lane
Vetting
How Nesbitt Realty vets renters for our clients.
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 know more about the local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who hopes to investigate real estate facts about Lacy_Lane and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as many interesting facts that you may not be aware of. Also, our Guide has some benefits of life in Lacy_Lane. Yes, most of this is helpful for buyers and sellers, but real estate investors and tenants will also find this information to be very eye-opening.