We are especially attentive with financial issues.
As property managers it is our duty to keep close track on every penny of rent and each expense. Our team work hard to make sure that each landlord has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.
It is our practice 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 that we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the rental investor.
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 compile the monthly statements into a year-end statement. In January we send to the rental property owners, 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.
Whitlers Creek Ii Property Management Resources
Basics
Elementary info regarding rental managment in Whitlers Creek Ii.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Whitlers Creek Ii fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management in Whitlers Creek Ii
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 our local real estate market?
Our Guide to Real Estate is a handy resource for anyone who hopes to find out more about Whitlers Creek Ii and surrounding communities. The Guide to Real Estate includes data regarding what has sold and what is for sale, as well as a few interesting facts that you might not know. Also, our Guide features some fundamentals of life in Whitlers Creek Ii. Of course, all of this is useful for purchasers and sellers, but real estate investors and tenants should also find the facts to be very informative.