We are extremely serious about fiduciary issues.
As property managers it is our solemn charge to reconcile every cent of rent and each expense. Our team work hard to ensure that every property owner has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in our profession: Rent Manager.
It is our practice 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 expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the landlords, 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.
Sudley Springs Rental Management Resources
Basics
Fundamental information regarding rental managment in Sudley Springs.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Sudley Springs fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management services in Sudley Springs
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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 understand more about our local real estate market?
Our Guide to Real Estate is a handy resource for everyone who hopes to find out more about Sudley Springs and surrounding areas. The Guide to Real Estate has information regarding what has sold and what is on the market, and a couple of compelling facts that you may not know. Also, our Guide has quite a few of the elements of life in Sudley Springs. As a matter of course, most of this is helpful for buyers and sellers, but property owners and tenants may also find these resources to be somewhat enlightening.