We are extra meticulous with financial issues.
As rental property managers it is our solemn charge to account for every penny of rent and each expense. Our staff work diligently to make sure that each rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.
We usually 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 shows the rental income as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail 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.
Wakefield_Chapel_Woods Rental Management Resources
Basics
Basic info regarding rental managment in Wakefield_Chapel_Woods.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Wakefield_Chapel_Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with property management services in Wakefield_Chapel_Woods
Vetting
How Nesbitt Realty vets renters 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.
Do you want understand more about the community?
Our Guide to Real Estate is a helpful resource for everyone who needs to learn more about Wakefield_Chapel_Woods and surrounding communities. The Guide to Real Estate has data regarding what has sold and what is for sale, and some surprising facts that you might not know. Furthermore, our Guide highlights some benefits of residing in Wakefield_Chapel_Woods. Of course, most of this is interesting for buyers and sellers, but owners and tenants will also find these tools to be very edifying.