We are especially careful with fiduciary issues.
As rental property managers it is our duty to keep close track on every cent of rent and each expense. All of us work relentlessly to make sure that every real estate investor has the documentation to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: 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 states the rental income as well as any bills which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we send to the landlords, 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.
Crooked Creek Rental Management Resources
Basics
Fundamental info about what management services in Crooked Creek.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Crooked Creek fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of property management services in Crooked Creek
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 want understand more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who wants to find out more about Crooked Creek and nearby areas. The Guide to Real Estate provides data about what has sold and what is for sale, and many surprising facts that you might not know. And, our Guide highlights some benefits of life in Crooked Creek. Naturally, all of this is helpful for purchasers and sellers, but real estate investors and tenants will probably also find this data to be quite eye-opening.