We are extra precise about accounting matters.
As property managers it is our duty to account for every cent of income and each expense. All of us work diligently to ensure that every rental property owner has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
We always try 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 rental income as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the property owner.
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. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the rental property owners, 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.
Happy Creek Property Management Resources
Basics
Fundamental info about what property management in Happy Creek.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Happy Creek fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management services in Happy Creek
Vetting
How Nesbitt Realty checks the backgrounds of 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.
Should you know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who needs to learn more about Happy Creek and nearby areas. The Guide to Real Estate provides data about what has sold and what is currently listed, as well as some interesting facts that you may not know. Furthermore, our Guide has quite a few of the elements of living in Happy Creek. Certainly, most of this is interesting for buyers and sellers, but owners and renters may also find these resources to be quite useful.