We are extremely serious about fiduciary issues.
As property managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work diligently to make sure that every property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We usually process and deposit rents on the same day they are received. Funds 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 rental investor's behalf. The monthly statement is also available electronically. The 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 pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports 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 hand the 1099 to your tax preparer.
Stone Creek Crossing Rental Management Resources
Basics
Basic information about what rental managment in Stone Creek Crossing.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Stone Creek Crossing fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management services in Stone Creek Crossing
Vetting
How Nesbitt Realty vets tenants 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 want know more about the area?
Our Guide to Real Estate is a free tool for anyone who wants to investigate real estate facts about Stone Creek Crossing and nearby communities. The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as a couple of interesting facts that you might not know. Not to mention, our Guide spotlights many of the elements of life in Stone Creek Crossing. Of course, most of this is interesting for purchasers and sellers, but real estate investors and tenants should also find this information to be quite sobering.