We are very conscientious regarding financial matters.
As rental managers it is our solemn charge to account for every cent of rent and each expense. Our team work diligently to make sure that every rental investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we use 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 which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report 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. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail the rental investors, 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.
Woodbine_Woods_Resubdivi Rental Management Resources
Basics
Fundamental info regarding management services in Woodbine_Woods_Resubdivi.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Woodbine_Woods_Resubdivi fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Woodbine_Woods_Resubdivi
Vetting
How Nesbitt Realty vets renters for our clients.
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.
Should you know more about this local real estate market?
Our Guide to Real Estate is a free tool for everyone who needs to investigate real estate facts about Woodbine_Woods_Resubdivi and neighboring communities. The Guide to Real Estate provides data regarding what has sold and what is currently listed, and many interesting facts that you may not know. In addition, our Guide features some assets of life in Woodbine_Woods_Resubdivi. Definitely, most of this is interesting for buyers and sellers, but real estate investors and renters may also find the facts to be very sobering.