We are extra serious about accounting issues.
As rental managers it is our duty to account for every cent of rent and each expense. Our team work diligently to ensure that every real estate investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: 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 states the rental income as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the real estate investor.
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 compile the monthly reports into a year-end statement. 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 give the 1099 to your tax preparer.
Olde South Estates Rental Management Resources
Basics
Fundamental information about what management services in Olde South Estates.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Olde South Estates 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 Olde South Estates
Vetting
How Nesbitt Realty vets 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 free resource for anyone who hopes to learn more about Olde South Estates and surrounding areas. The Guide to Real Estate provides facts regarding what has sold and what is for sale, and a couple of surprising facts that you might not know. Not to mention, our Guide features some elements of residing in Olde South Estates. As might be expected, all of this is useful for buyers and sellers, but landlords and tenants will likely also find these resources to be somewhat eye-opening.