We are extremely meticulous with fiduciary matters.
As rental property managers it is our solemn charge to keep close track on every penny of income and each expense. Our staff work hard to ensure that every real estate investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 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 show what monies we are holding on behalf of the property owner.
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 compile the monthly statements into a year-end statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Woodgate_village Rental Management Resources
Basics
Basic information regarding management services in Woodgate_village.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Woodgate_village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management in Woodgate_village
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 area?
Our Guide to Real Estate is a free tool for anyone who hopes to learn more about Woodgate_village and surrounding communities. The Guide to Real Estate compiles information regarding what has sold and what is for sale, as well as some interesting facts that you might not know. Not to mention, our Guide has many of the benefits of life in Woodgate_village. Of course, most of this is helpful for purchasers and sellers, but property owners and renters might also find this information to be somewhat sobering.