We are extra careful with accounting issues.
As rental property managers it is our solemn charge to account for every penny of income and each expense. Our team work relentlessly to ensure that each rental investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs 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 states the rental income as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 report. In January we send to the real estate 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.
Woodville Rental Management Resources
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Basics
Basic information regarding property management in Woodville.
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Getting Started
Learn more about getting started with rental property management
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Find A Tenant
Market your property to rent to find a dependable tenant in Woodville fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
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Cost
A list of prices of rental management in Woodville
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Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage property?
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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 need know more about our community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who needs to investigate real estate facts about Woodville and surrounding communities. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, as well as a couple of surprising facts that you may not be aware of. And, our Guide has quite a few of the elements of living in Woodville. Certainly, most of this is helpful for purchasers and sellers, but rental investors and renters should also find this data to be very informative.