We are extremely attentive with accounting matters.
As property managers it is our solemn charge to keep close track on every penny of rent and each expense. Our staff work relentlessly to make sure that each real estate investor has the opportunity 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 the management business: Rent Manager.
We strive 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 rent received as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Foxcroft_Colony Property Management Resources
Basics
Fundamental info regarding rental managment in Foxcroft_Colony.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in Foxcroft_Colony fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management in Foxcroft_Colony
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 understand more about this local real estate market?
Our Guide to Real Estate is a helpful tool for anyone who needs to investigate real estate facts about Foxcroft_Colony and neighboring communities. The Guide to Real Estate compiles facts regarding what has sold and what is currently listed, and many shocking facts that you might not know. In addition, our Guide highlights many of the assets of residing in Foxcroft_Colony. As a matter of course, most of this is useful for purchasers and sellers, but property owners and renters may also find this data to be very useful.