We are extra careful with money issues.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work hard to make sure that every landlord has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs 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 property owner's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Grottoes Rental Management Resources
Basics
Basic information regarding rental managment in Grottoes.
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 Grottoes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management in Grottoes
Vetting
How Nesbitt Realty vets renters for landlords.
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.
Do you want understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who needs to investigate real estate facts about Grottoes and surrounding areas. The Guide to Real Estate includes facts about what has sold and what is for sale, and many interesting facts that you might not know. In addition, our Guide spotlights some assets of living in Grottoes. As a matter of course, most of this is interesting for buyers and sellers, but landlords and tenants should also find these resources to be very sobering.