We are extra meticulous with financial issues.
As rental managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work diligently to ensure that every rental property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.
We usually 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 rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly report will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we mail the property owners, 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.
Station_Square Property Management Resources
Basics
Basic information regarding rental managment in Station_Square.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Station_Square fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management services in Station_Square
Vetting
How Nesbitt Realty vets 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.
Should you understand more about our area?
Our Guide to Real Estate is a helpful tool for anyone who wants to review important real estate information about Station_Square and surrounding communities. The Guide to Real Estate includes information regarding what has sold and what is currently listed, as well as many surprising facts that you might not be aware of. And, our Guide highlights many of the benefits of residing in Station_Square. Yes, most of this is helpful for purchasers and sellers, but rental investors and renters will also find these tools to be quite informative.