We are very conscientious regarding fiduciary matters.
As property managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work hard to make sure that every rental property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful programs 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 bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the real estate investor.
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. Annually, we compile the monthly reports into a year-end report. In January we send to 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
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Basics
Fundamental info regarding rental managment in Woodville.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
List 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 landlords?
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Cost
A list of prices of property management services in Woodville
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Vetting
How Nesbitt Realty vets tenants for our clients.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rentals?
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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 want understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who hopes to review important real estate information about Woodville and neighboring areas. The Guide to Real Estate provides facts about what has sold and what is for sale, as well as a few compelling facts that you might not be aware of. Not to mention, our Guide has quite a few of the elements of life in Woodville. Yes, most of this is helpful for purchasers and sellers, but property owners and renters will probably also find this information to be somewhat eye-opening.