We are very meticulous with fiduciary details.
As property managers it is our duty to reconcile every cent of income and each expense. Our team work hard to make sure that each real estate investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in the management business: Rent Manager.
We usually 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 states the rental income as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available online. 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. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we mail the 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.
North Springfield Property Management Resources
Basics
Elementary info about what management services in North Springfield.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great renter in North Springfield fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management in North Springfield
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 rental investments?
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 our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to investigate real estate facts about North Springfield and nearby areas. The Guide to Real Estate provides facts about what has sold and what is currently listed, and many compelling facts that you might not know. Furthermore, our Guide spotlights some fundamentals of life in North Springfield. As might be expected, all of this is interesting for purchasers and sellers, but property owners and renters will probably also find these resources to be somewhat useful.