We are very careful with money details.
As property managers it is our duty to keep close track on every penny of income and each expense. Our team work hard to make sure that each real estate investor has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this task we employ 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 rent received as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Woodville Property Management Resources
Basics
Basic information regarding property management in Woodville.
Getting Started
Learn more about getting started with property management
Find A Tenant
List 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 breakdown of fees associated with rental management in Woodville
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 area?
Our Guide to Real Estate is a free resource for anyone who wants to review important real estate information about Woodville and nearby areas. The Guide to Real Estate provides facts about what has sold and what is for sale, and some interesting facts that you may not be aware of. Furthermore, our Guide has many of the aspects of living in Woodville. As a matter of course, most of this is interesting for purchasers and sellers, but landlords and tenants will also find this information to be somewhat eye-opening.