We are especially meticulous with fiduciary details.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work relentlessly to ensure that every rental investor 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 programs in our profession: Rent Manager.
It is our practice 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 shows the rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the rental property owner.
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. At the end of the year, we organize the monthly statements into a year-end statement. In January we mail the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Madison Edinburg Rental Management Resources
Basics
Fundamental info about what property management in Madison Edinburg.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Madison Edinburg fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management in Madison Edinburg
Vetting
How Nesbitt Realty vets tenants for property owners.
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 need know more about this area?
Our Guide to Real Estate is a helpful tool for anyone who hopes to learn more about Madison Edinburg and surrounding areas. The Guide to Real Estate has facts about what has sold and what is on the market, as well as a couple of interesting facts that you might not be aware of. And, our Guide spotlights many of the fundamentals of life in Madison Edinburg. Of course, most of this is helpful for buyers and sellers, but real estate investors and renters will likely also find these tools to be somewhat sobering.