We are extra precise about financial matters.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. Our team work relentlessly to make sure that every real estate investor has the tools and paperwork to know 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.
We usually 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 that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we send to the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Features Rental Management Resources
Basics
Elementary information regarding management services in Features.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Features fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management in Features
Vetting
How Nesbitt Realty vets renters 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.
Do you need understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who hopes to investigate real estate facts about Features and nearby communities. The Guide to Real Estate has information about what has sold and what is currently listed, and a couple of compelling facts that you might not be aware of. And, our Guide highlights many of the aspects of life in Features. Of course, most of this is useful for buyers and sellers, but owners and renters might also find these resources to be quite eye-opening.