We are especially meticulous with accounting issues.
As rental managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work diligently to make sure that each landlord has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task 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. 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 rental property owner's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, 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 rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Whitlers Creek Ii Rental Management Resources
Basics
Basic info about what rental managment in Whitlers Creek Ii.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Whitlers Creek Ii fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of property management services in Whitlers Creek Ii
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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 our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who needs to learn more about Whitlers Creek Ii and surrounding areas. The Guide to Real Estate provides facts regarding what has sold and what is on the market, and some surprising facts that you may not be aware of. Furthermore, our Guide spotlights quite a few of the fundamentals of residing in Whitlers Creek Ii. Naturally, most of this is interesting for purchasers and sellers, but owners and tenants will probably also find these tools to be quite sobering.