We are extra careful with accounting details.
As rental property managers it is our duty to keep close track on every cent of income and each expense. Our team work hard to ensure that each rental investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty 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. 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 expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail the real estate 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.
Whitlers Creek Rental Management Resources
Basics
Basic info regarding property management in Whitlers Creek.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Whitlers Creek fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Whitlers Creek
Vetting
How Nesbitt Realty vets 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 need know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to investigate real estate facts about Whitlers Creek and nearby areas. The Guide to Real Estate provides information regarding what has sold and what is currently listed, as well as many surprising facts that you may not know. And, our Guide highlights quite a few of the aspects of residing in Whitlers Creek. Of course, all of this is helpful for buyers and sellers, but rental investors and tenants will likely also find the facts to be somewhat enlightening.