We are extremely serious about fiduciary issues.
As rental property managers it is our duty to account for every penny of rent and each expense. All of us work relentlessly to make sure that every rental investor has the opportunity 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 rental income as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The 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. In addition, 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 report. In January we mail the rental investors, 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.
Craftown Property Management Resources
Basics
Basic information regarding property management in Craftown.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Craftown fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management in Craftown
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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 want know more about this community?
Our Guide to Real Estate is a free tool for everyone who wants to learn more about Craftown and nearby areas. The Guide to Real Estate has data regarding what has sold and what is currently listed, and some compelling facts that you may not know. And, our Guide has quite a few of the benefits of living in Craftown. Naturally, most of this is useful for purchasers and sellers, but landlords and renters will likely also find this data to be very useful.