We are especially serious about accounting issues.
As rental property managers it is our duty to account for every penny of rent and each expense. All of us work relentlessly to make sure that each real estate investor has the opportunity 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 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 rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. 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 pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Springfield Estates Rental Management Resources
Basics
Fundamental information regarding rental managment in Springfield Estates.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Springfield Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of property management services in Springfield 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 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 understand more about our community?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to review important real estate information about Springfield Estates and neighboring areas. The Guide to Real Estate has data about what has sold and what is for sale, and many interesting facts that you may not know. In addition, our Guide features many of the aspects of residing in Springfield Estates. Of course, most of this is helpful for purchasers and sellers, but landlords and tenants will also find these tools to be very informative.