We are extra serious about money details.
As property managers it is our duty to account for every cent of rent and each expense. Our staff work hard to ensure that each rental investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we employ 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 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 statement will describe what reserves we are holding on behalf of the rental property owner.
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 mail the real estate 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.
Page County Property Management Resources
Basics
Elementary info about what rental managment in Page County.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Page County fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management services in Page County
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.
Do you want know more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who wants to learn more about Page County and surrounding communities. The Guide to Real Estate includes facts about what has sold and what is on the market, as well as many shocking facts that you might not know. Also, our Guide highlights some fundamentals of living in Page County. As might be expected, most of this is helpful for buyers and sellers, but real estate investors and renters should also find the facts to be very eye-opening.