We are very conscientious regarding accounting matters.
As rental property managers it is our duty to reconcile every cent of income and each expense. Our team work relentlessly to make sure that each property owner 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 strive to 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 states 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 funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail the landlords, 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 Property Management Resources
Basics
Elementary information regarding property management in Woodville.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Woodville fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of property management services in Woodville
Vetting
How Nesbitt Realty checks the backgrounds of renters 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.
Do you want understand more about our local real estate market?
Our Guide to Real Estate is a handy tool for everyone who hopes to find out more about Woodville and nearby areas. The Guide to Real Estate includes data about what has sold and what is for sale, as well as many shocking facts that you may not be aware of. Also, our Guide highlights many of the aspects of life in Woodville. As might be expected, most of this is helpful for purchasers and sellers, but landlords and tenants may also find this information to be somewhat sobering.