We are especially careful with money details.
As property managers it is our solemn charge to keep close track on every penny of rent and each expense. All of us work hard to make sure that each rental investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in our profession: Rent Manager.
We usually 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 rent received as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the rental 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. Annually, we compile the monthly reports into a year-end statement. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Shen Farms Chain Spring Rental Management Resources
Basics
Basic info about what rental managment in Shen Farms Chain Spring.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great renter in Shen Farms Chain Spring fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Shen Farms Chain Spring
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 area?
Our Guide to Real Estate is a free tool for everyone who hopes to review important real estate information about Shen Farms Chain Spring and nearby communities. The Guide to Real Estate compiles data regarding what has sold and what is currently listed, as well as many compelling facts that you may not know. Not to mention, our Guide spotlights many of the aspects of living in Shen Farms Chain Spring. Certainly, all of this is useful for buyers and sellers, but rental investors and renters might also find this information to be somewhat eye-opening.