We are extremely conscientious regarding financial matters.
As rental managers it is our solemn charge to keep close track on every penny of income and each expense. Our team work relentlessly to make sure that each rental investor has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools 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 expenses which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we mail the landlords, 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.
Pickett Estates Property Management Resources
Basics
Fundamental info regarding property management in Pickett Estates.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Pickett Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Pickett Estates
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 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.
Should you understand more about our area?
Our Guide to Real Estate is a helpful tool for everyone who needs to investigate real estate facts about Pickett Estates and nearby areas. The Guide to Real Estate compiles information regarding what has sold and what is for sale, and many surprising facts that you may not be aware of. Not to mention, our Guide spotlights quite a few of the aspects of life in Pickett Estates. Of course, most of this is useful for purchasers and sellers, but owners and tenants should also find this data to be somewhat sobering.