We are very careful with fiduciary details.
As property managers it is our solemn charge to account for every penny of rent and each expense. Our staff work relentlessly to make sure that each rental property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We strive 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 expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will show what reserves 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 compile the monthly statements into a year-end report. In January we mail the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Woodlands_of_Fair_Lakes Property Management Resources
Basics
Basic information regarding property management in Woodlands_of_Fair_Lakes.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in Woodlands_of_Fair_Lakes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with property management services in Woodlands_of_Fair_Lakes
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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 need know more about our area?
Our Guide to Real Estate is a free tool for anyone who hopes to review important real estate information about Woodlands_of_Fair_Lakes and nearby communities. The Guide to Real Estate provides information about what has sold and what is for sale, as well as a few compelling facts that you may not know. Furthermore, our Guide has many of the benefits of living in Woodlands_of_Fair_Lakes. As might be expected, most of this is useful for purchasers and sellers, but owners and tenants might also find these resources to be quite sobering.