We are extremely attentive with money matters.
As rental property managers it is our duty to reconcile every penny of income and each expense. Our staff work diligently to make sure that each landlord has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs 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 states the rent received as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available online. 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 pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we send to the property owners, 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.
Walton_Woods Property Management Resources
Basics
Elementary information about what management services in Walton_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 Walton_Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management in Walton_Woods
Vetting
How Nesbitt Realty vets tenants 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.
Should you know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to learn more about Walton_Woods and nearby areas. The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as a couple of shocking facts that you might not know. And, our Guide spotlights quite a few of the fundamentals of life in Walton_Woods. Of course, all of this is useful for purchasers and sellers, but property owners and tenants might also find this information to be quite sobering.