We are extra precise about money issues.
As rental managers it is our duty to reconcile every penny of rent and each expense. Our team work relentlessly to ensure that each rental investor has the opportunity to know exactly where is income 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 always try to process and deposit rents on the same day they are received. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Stanley Property Management Resources
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 understand more about this area?
Our Guide to Real Estate is a free tool for everyone who wants to investigate real estate facts about Stanley and neighboring areas. The Guide to Real Estate provides information regarding what has sold and what is for sale, and many surprising facts that you might not know. And, our Guide features quite a few of the fundamentals of residing in Stanley. Of course, most of this is useful for purchasers and sellers, but owners and renters will also find this data to be quite eye-opening.