We are extra conscientious regarding money issues.
As rental property managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work relentlessly to ensure that every real estate investor has the tools and paperwork to understand 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.
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 rent received as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 statements into a year-end statement. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Willow Oaks At Fair Lakes Property Management Resources
Basics
Basic info regarding property management in Willow Oaks At Fair Lakes.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Willow Oaks At Fair Lakes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in Willow Oaks At Fair Lakes
Vetting
How Nesbitt Realty checks the backgrounds of 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 our area?
Our Guide to Real Estate is a helpful tool for anyone who hopes to investigate real estate facts about Willow Oaks At Fair Lakes and surrounding communities. The Guide to Real Estate includes facts about what has sold and what is for sale, and a couple of shocking facts that you may not be aware of. Also, our Guide has quite a few of the benefits of residing in Willow Oaks At Fair Lakes. Certainly, most of this is helpful for purchasers and sellers, but property owners and renters will also find these resources to be quite useful.