We are especially serious about fiduciary matters.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. Our team work relentlessly to make sure that every property owner has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: 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 shows the rent received as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies 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 compile the monthly statements into a year-end report. In January we mail the rental 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.
Oak Hill Property Management Resources
Basics
Fundamental info regarding property management in Oak Hill.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable renter in Oak Hill fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management in Oak Hill
Vetting
How Nesbitt Realty checks the backgrounds of 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.
Do you want understand more about this area?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who wants to review important real estate information about Oak Hill and nearby areas. The Guide to Real Estate provides data about what has sold and what is for sale, as well as some compelling facts that you may not know. Furthermore, our Guide highlights many of the aspects of living in Oak Hill. Of course, most of this is helpful for purchasers and sellers, but landlords and renters might also find these tools to be somewhat informative.