We are extremely meticulous with fiduciary details.
As property managers it is our duty to reconcile every cent of income and each expense. Our staff work diligently to make sure that every real estate investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: 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 rental income as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report 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. In addition, 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 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. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Hideaway Park Property Management Resources
Basics
Basic information about what management services in Hideaway Park.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Hideaway Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management in Hideaway Park
Vetting
How Nesbitt Realty vets tenants 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.
Should you know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to review important real estate information about Hideaway Park and nearby communities. The Guide to Real Estate compiles facts about what has sold and what is on the market, and a couple of shocking facts that you may not know. Not to mention, our Guide highlights quite a few of the fundamentals of life in Hideaway Park. Yes, all of this is helpful for purchasers and sellers, but landlords and tenants will also find this data to be somewhat sobering.