We are very careful with money matters.
As property managers it is our solemn charge to reconcile every cent of income and each expense. Our staff work diligently to make sure that each property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs 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 rental income as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly 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. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Ashland Property Management Resources
Basics
Fundamental info about what management services in Ashland.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Ashland fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in Ashland
Vetting
How Nesbitt Realty vets 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.
Do you want understand more about this community?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to find out more about Ashland and neighboring areas. The Guide to Real Estate has information regarding what has sold and what is on the market, as well as a couple of surprising facts that you may not be aware of. And, our Guide spotlights many of the aspects of life in Ashland. Certainly, all of this is useful for purchasers and sellers, but rental investors and tenants will probably also find this information to be quite enlightening.