We are very serious about money issues.
As property managers it is our duty to keep close track on every penny of income and each expense. Our staff work hard to ensure that each property owner has the documentation to see 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 always try to 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 rent received as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report 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 marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. In January we mail 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 hand the 1099 to your tax preparer.
Timarron_Cove Rental Management Resources
Basics
Elementary information about what management services in Timarron_Cove.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Timarron_Cove fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in Timarron_Cove
Vetting
How Nesbitt Realty vets renters for landlords.
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 know more about our community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who wants to learn more about Timarron_Cove and nearby areas. The Guide to Real Estate includes information about what has sold and what is currently listed, as well as some interesting facts that you may not know. Furthermore, our Guide features quite a few of the fundamentals of living in Timarron_Cove. Naturally, all of this is helpful for purchasers and sellers, but owners and tenants may also find the facts to be quite edifying.