We are especially meticulous with money details.
As property managers it is our solemn charge to account for every cent of rent and each expense. All of us work diligently to ensure that every property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
We usually 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 rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will show what monies 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. Annually, we compile 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. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Sovereign Village Rental Management Resources
Basics
Elementary info regarding property management in Sovereign Village.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Sovereign Village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management in Sovereign Village
Vetting
How Nesbitt Realty vets tenants for landlords.
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 understand more about this community?
Our Guide to Real Estate is a helpful tool for anyone who needs to investigate real estate facts about Sovereign Village and surrounding areas. The Guide to Real Estate has data regarding what has sold and what is for sale, and a few interesting facts that you might not know. Not to mention, our Guide spotlights some fundamentals of residing in Sovereign Village. Definitely, most of this is useful for purchasers and sellers, but property owners and tenants might also find this information to be somewhat sobering.