We are extremely careful with money issues.
As rental property managers it is our duty to keep close track on every cent of income and each expense. Our team work relentlessly to ensure that every rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we use 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 rental income as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly 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. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Springfield Homes Sale Rental Management Resources
Basics
Fundamental info about what rental managment in Springfield Homes Sale.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Springfield Homes Sale fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with property management services in Springfield Homes Sale
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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 need know more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to find out more about Springfield Homes Sale and neighboring areas. The Guide to Real Estate provides information regarding what has sold and what is currently listed, as well as some interesting facts that you may not be aware of. Also, our Guide has some aspects of life in Springfield Homes Sale. As might be expected, most of this is helpful for buyers and sellers, but landlords and tenants will probably also find these resources to be very useful.