We are extra serious about accounting details.
As rental property managers it is our duty to reconcile every cent of rent and each expense. Our staff work diligently to make sure that each real estate investor has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: 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 states the rental income as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to the landlords, 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.
Springfield Rental Management Resources
Basics
Elementary information regarding rental managment in Springfield.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Springfield fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with property management services in Springfield
Vetting
How Nesbitt Realty checks the backgrounds of renters 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 want know more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who needs to find out more about Springfield and neighboring communities. The Guide to Real Estate has facts regarding what has sold and what is currently listed, as well as a few compelling facts that you might not know. Furthermore, our Guide spotlights many of the aspects of living in Springfield. Of course, all of this is interesting for buyers and sellers, but rental investors and renters might also find the facts to be quite enlightening.