We are very conscientious regarding accounting issues.
As rental managers it is our duty to account for every cent of rent and each expense. Our team work relentlessly to make sure that each property owner has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in the management business: Rent Manager.
It is our practice to process and deposit rents on the same day they are received. Rents 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 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 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 compile the monthly reports into a year-end report. In January we send to the real estate 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.
Franconia_village Property Management Resources
Basics
Fundamental info about what rental managment in Franconia_village.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Franconia_village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in Franconia_village
Vetting
How Nesbitt Realty vets tenants for landlords.
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.
Do you need understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who hopes to learn more about Franconia_village and surrounding communities. The Guide to Real Estate has data regarding what has sold and what is on the market, as well as many interesting facts that you might not be aware of. And, our Guide spotlights many of the assets of life in Franconia_village. Certainly, all of this is useful for buyers and sellers, but property owners and renters may also find these resources to be quite sobering.