We are extremely conscientious regarding financial details.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. All of us work diligently to ensure that every rental property owner has the opportunity to know exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.
We strive 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 states the rental income as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Furthermore, 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 statement. 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 give the 1099 to your tax preparer.
Features Rental Management Resources
Basics
Elementary information about what property management in Features.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Features fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management services in Features
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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.
Should you know more about the area?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who wants to find out more about Features and neighboring areas. The Guide to Real Estate provides data about what has sold and what is currently listed, and many interesting facts that you might not know. Also, our Guide has some assets of residing in Features. Of course, all of this is useful for purchasers and sellers, but real estate investors and renters will probably also find the facts to be somewhat eye-opening.