We are extra serious about accounting matters.
As rental property managers it is our duty to account for every cent of rent and each expense. Our staff work diligently to ensure that every rental property owner has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we employ 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 bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we mail the rental investors, 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.
Stonegate Property Management Resources
Basics
Elementary information about what management services in Stonegate.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Stonegate fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of property management services in Stonegate
Vetting
How Nesbitt Realty vets renters for property owners.
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 understand more about our area?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to find out more about Stonegate and neighboring areas. The Guide to Real Estate provides data regarding what has sold and what is currently listed, and a couple of compelling facts that you may not know. Furthermore, our Guide has quite a few of the aspects of life in Stonegate. Naturally, most of this is useful for buyers and sellers, but landlords and tenants will also find this information to be somewhat sobering.