We are very careful with accounting 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 hard to ensure that every rental investor has the documentation to know exactly where is money is going to and coming from. To accomplish this task 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 expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. 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 pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement. In January we send to the landlords, 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.
Timberville Rental Management Resources
Basics
Elementary info about what management services in Timberville.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Timberville fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with property management services in Timberville
Vetting
How Nesbitt Realty vets tenants 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.
Do you need understand more about the area?
Our Guide to Real Estate is a helpful resource for everyone who wants to investigate real estate facts about Timberville and nearby areas. The Guide to Real Estate has information regarding what has sold and what is on the market, and a couple of surprising facts that you might not know. Furthermore, our Guide spotlights many of the aspects of life in Timberville. As might be expected, all of this is useful for buyers and sellers, but real estate investors and renters will likely also find these tools to be quite eye-opening.