We are especially conscientious regarding money matters.
As rental managers it is our solemn charge to account for every penny of income and each expense. Our team work relentlessly to make sure that each property owner has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we use 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. Rents 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 bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on 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 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.
Colvin Hunt Property Management Resources
Basics
Elementary information about what rental managment in Colvin Hunt.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable tenant in Colvin Hunt 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 Colvin Hunt
Vetting
How Nesbitt Realty checks the backgrounds of renters 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.
Do you need know more about our area?
Our Guide to Real Estate is a free resource for everyone who needs to investigate real estate facts about Colvin Hunt and nearby areas. The Guide to Real Estate has information regarding what has sold and what is currently listed, as well as a few surprising facts that you might not be aware of. Furthermore, our Guide spotlights many of the elements of residing in Colvin Hunt. Yes, all of this is interesting for purchasers and sellers, but real estate investors and tenants might also find the facts to be quite informative.