We are extra attentive with accounting matters.
As property managers it is our solemn charge to reconcile every penny of income and each expense. Our team work diligently to ensure that every real estate investor 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 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 states the rent received as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly report will show what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports 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 give the 1099 to your tax preparer.
Woodlynne Community Rental Management Resources
Basics
Fundamental info regarding property management in Woodlynne Community.
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 Woodlynne Community fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Woodlynne Community
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 need know more about the local real estate market?
Our Guide to Real Estate is a helpful tool for everyone who wants to review important real estate information about Woodlynne Community and neighboring communities. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, and many compelling facts that you might not know. Also, our Guide highlights some benefits of residing in Woodlynne Community. Naturally, most of this is helpful for buyers and sellers, but property owners and renters may also find these resources to be quite informative.