We are extremely conscientious regarding accounting details.
As property managers it is our duty to account for every penny of income and each expense. Our staff work diligently to make sure that each real estate investor has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
We strive 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 which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, 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.
Burgundy Woods Rental Management Resources
Basics
Fundamental information about what management services in Burgundy Woods.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Burgundy Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Burgundy Woods
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 the area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who needs to investigate real estate facts about Burgundy Woods and surrounding areas. The Guide to Real Estate provides information about what has sold and what is on the market, and a few surprising facts that you might not know. In addition, our Guide highlights some assets of life in Burgundy Woods. Yes, all of this is helpful for buyers and sellers, but property owners and tenants may also find this data to be quite informative.