We are extremely attentive with accounting details.
As property managers it is our duty to keep close track on every cent of income and each expense. Our team work hard to ensure that every landlord has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we work with 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. Funds 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 property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on 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. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Blincoes_addn_to_country_club_hills Property Management Resources
Basics
Elementary info regarding rental managment in Blincoes_addn_to_country_club_hills.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Blincoes_addn_to_country_club_hills fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management in Blincoes_addn_to_country_club_hills
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 property?
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 the community?
Our Guide to Real Estate is a helpful resource for everyone who wants to investigate real estate facts about Blincoes_addn_to_country_club_hills and nearby areas. The Guide to Real Estate provides facts about what has sold and what is on the market, as well as some interesting facts that you might not know. And, our Guide has quite a few of the elements of residing in Blincoes_addn_to_country_club_hills. As a matter of course, all of this is interesting for purchasers and sellers, but owners and tenants might also find these tools to be somewhat sobering.