We are very meticulous with money issues.
As rental managers it is our duty to account for every penny of rent and each expense. All of us work relentlessly to ensure that every landlord has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
It is our practice 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 shows the rental income as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will describe what reserves we are holding on behalf of the landlord.
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. At the end of the year, we organize the monthly reports into a year-end report. In January we send to the property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Woodbine_Estates Property Management Resources
Basics
Fundamental information regarding property management in Woodbine_Estates.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Woodbine_Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with property management services in Woodbine_Estates
Vetting
How Nesbitt Realty vets tenants for property owners.
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 the local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who hopes to learn more about Woodbine_Estates and neighboring communities. The Guide to Real Estate compiles facts regarding what has sold and what is currently listed, as well as some compelling facts that you may not know. And, our Guide features many of the assets of life in Woodbine_Estates. Of course, all of this is helpful for buyers and sellers, but landlords and renters might also find the facts to be somewhat sobering.