We are extra attentive with accounting details.
As property managers it is our duty to account for every penny 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 money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
It is our practice 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 property owner's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, 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 reports into a year-end statement. In January we send to the real estate investors, 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 Property Management Resources
Basics
Fundamental information regarding property management in Springfield.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Springfield fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of property management services in Springfield
Vetting
How Nesbitt Realty vets renters for our clients.
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 want know more about our local real estate market?
Our Guide to Real Estate is a free resource for anyone who wants to learn more about Springfield and neighboring areas. The Guide to Real Estate compiles data about what has sold and what is on the market, and a few shocking facts that you might not be aware of. And, our Guide spotlights quite a few of the assets of residing in Springfield. Of course, all of this is useful for buyers and sellers, but rental investors and renters should also find these tools to be quite informative.