We are especially careful with fiduciary issues.
As rental property managers it is our solemn charge to account for every penny of rent and each expense. Our team work hard to make sure that every real estate investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: 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 that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, 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 reports into a year-end report. In January we mail the property owners, 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.
Oden Ridge Rental Management Resources
Basics
Basic info regarding property management in Oden Ridge.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Oden Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management in Oden Ridge
Vetting
How Nesbitt Realty vets renters for our clients.
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 want understand more about this community?
Our Guide to Real Estate is a free tool for everyone who hopes to find out more about Oden Ridge and surrounding communities. The Guide to Real Estate provides data regarding what has sold and what is currently listed, and many surprising facts that you may not know. In addition, our Guide features quite a few of the aspects of life in Oden Ridge. As a matter of course, most of this is helpful for buyers and sellers, but landlords and tenants will probably also find these resources to be quite eye-opening.