We are very precise about fiduciary issues.
As rental managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work diligently to make sure that every rental investor has the opportunity to see exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: Rent Manager.
We strive 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 rental income as well as any bills that 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 marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement. In January we send to the rental 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.
Stephenson Rental Management Resources
Basics
Elementary info regarding property management in Stephenson.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Stephenson fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in Stephenson
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 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.
Should you know more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to learn more about Stephenson and surrounding areas. The Guide to Real Estate includes information regarding what has sold and what is on the market, as well as a couple of interesting facts that you may not be aware of. Furthermore, our Guide highlights some assets of living in Stephenson. As a matter of course, most of this is useful for buyers and sellers, but owners and renters will likely also find the facts to be very eye-opening.