We are extra attentive with money matters.
As rental managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work relentlessly to make sure that each rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: 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 rental income as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report. In January we mail 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 hand the 1099 to your tax preparer.
Spring Lake Estates Rental Management Resources
Basics
Elementary info about what property management in Spring Lake Estates.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Spring Lake Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management in Spring Lake Estates
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 know more about our community?
Our Guide to Real Estate is a handy tool for anyone who hopes to review important real estate information about Spring Lake Estates and nearby communities. The Guide to Real Estate has information regarding what has sold and what is on the market, as well as a couple of shocking facts that you may not know. Not to mention, our Guide has quite a few of the aspects of living in Spring Lake Estates. As might be expected, most of this is useful for buyers and sellers, but landlords and renters might also find these resources to be somewhat useful.