We are extra careful with money issues.
As rental managers it is our duty to keep close track on every penny of rent and each expense. All of us work diligently to make sure that each landlord has the tools and paperwork to understand exactly where is income 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.
We always try 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 states the rental income as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report 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 marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we mail the property owners, 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.
Castle_Branch Property Management Resources
Basics
Basic information regarding property management in Castle_Branch.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Castle_Branch fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of property management services in Castle_Branch
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 the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to find out more about Castle_Branch and neighboring areas. The Guide to Real Estate has information regarding what has sold and what is for sale, and a couple of compelling facts that you might not know. Furthermore, our Guide highlights many of the aspects of life in Castle_Branch. As might be expected, most of this is interesting for buyers and sellers, but real estate investors and tenants may also find the facts to be quite sobering.