We are extra attentive with money details.
As rental managers it is our duty to keep close track on every cent of rent and each expense. All of us work relentlessly to ensure that every property owner has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.
We always try 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 shows the rental income as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, 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 statement. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Features Rental 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.
Do you want know more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to review important real estate information about Features and neighboring communities. The Guide to Real Estate compiles information about what has sold and what is for sale, and some compelling facts that you may not be aware of. Not to mention, our Guide highlights some assets of residing in Features. As might be expected, all of this is useful for purchasers and sellers, but rental investors and tenants might also find the facts to be somewhat edifying.