We are extra meticulous with money matters.
As rental managers it is our solemn charge to keep close track on every penny of income and each expense. All of us work hard to make sure that every property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: Rent Manager.
We always try 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 rental income as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports 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.
Steppes Of Barcroft Property Management Resources
Basics
Elementary information regarding management services in Steppes Of Barcroft.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Steppes Of Barcroft fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Steppes Of Barcroft
Vetting
How Nesbitt Realty vets tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 know more about this local real estate market?
Our Guide to Real Estate is a free tool for anyone who wants to investigate real estate facts about Steppes Of Barcroft and surrounding communities. The Guide to Real Estate provides information regarding what has sold and what is currently listed, and many compelling facts that you might not know. And, our Guide spotlights quite a few of the fundamentals of residing in Steppes Of Barcroft. Certainly, all of this is useful for buyers and sellers, but owners and renters will also find these resources to be quite sobering.