We are especially serious about money matters.
As rental managers it is our solemn charge to account for every cent of income and each expense. All of us work hard to make sure that every property owner has the tools and paperwork to understand exactly where is money 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.
It is our practice to 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 rent received as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will show what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we send to the rental investors, 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.
Holmes Run Crossing Property Management Resources
Basics
Elementary info regarding management services in Holmes Run Crossing.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable tenant in Holmes Run Crossing fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Holmes Run Crossing
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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 want understand more about our community?
Our Guide to Real Estate is a free tool for anyone who needs to learn more about Holmes Run Crossing and neighboring communities. The Guide to Real Estate provides information about what has sold and what is currently listed, and a couple of compelling facts that you might not be aware of. In addition, our Guide features many of the fundamentals of life in Holmes Run Crossing. Of course, most of this is interesting for buyers and sellers, but property owners and tenants will likely also find these tools to be quite eye-opening.