We are extra attentive with financial details.
As rental property managers it is our solemn charge to keep close track on every penny of income and each expense. Our staff work relentlessly to make sure that every real estate investor has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
We strive 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 rent received as well as any bills that we have paid on the 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 property owner.
There is no additional charge for the reports or the accounting. Also, 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 rental investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Newport Cluster Rental Management Resources
Basics
Elementary info about what rental managment in Newport Cluster.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Newport Cluster fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management in Newport Cluster
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 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 our community?
Our Guide to Real Estate is a handy tool for everyone who needs to investigate real estate facts about Newport Cluster and surrounding communities. The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as a few surprising facts that you might not be aware of. Not to mention, our Guide has quite a few of the benefits of residing in Newport Cluster. Of course, most of this is helpful for purchasers and sellers, but landlords and tenants might also find this data to be quite sobering.