We are especially meticulous with accounting matters.
As rental managers it is our duty to account for every cent of income and each expense. Our staff work relentlessly to ensure that every landlord has the documentation to know exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools in the management business: Rent Manager.
We always try 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 which we have paid on the rental property owner's behalf. The monthly statement is also available online. 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. In addition, Nesbitt Realty never pads the price on 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 landlords, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
900_North_Washington_St_Condo Property Management Resources
Basics
Fundamental information about what property management in 900_North_Washington_St_Condo.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in 900_North_Washington_St_Condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with rental management in 900_North_Washington_St_Condo
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 know more about our local real estate market?
Our Guide to Real Estate is a handy tool for everyone who wants to learn more about 900_North_Washington_St_Condo and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, as well as many compelling facts that you might not know. Not to mention, our Guide has some elements of life in 900_North_Washington_St_Condo. Of course, most of this is useful for purchasers and sellers, but owners and tenants might also find this information to be very sobering.