We are extra attentive with fiduciary details.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. Our team work relentlessly to make sure that every real estate investor has the documentation to see exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: 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 landlord.
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. At the end of the year, we compile the monthly reports into a year-end report. In January we send to 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.
Flint Hill 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.
Should you understand more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to learn more about Flint Hill and nearby areas. The Guide to Real Estate provides facts about what has sold and what is on the market, and many compelling facts that you might not know. Furthermore, our Guide spotlights quite a few of the assets of living in Flint Hill. Yes, most of this is useful for buyers and sellers, but rental investors and tenants may also find this data to be very edifying.