We are extra serious about accounting matters.
As rental property managers it is our solemn charge to account for every penny of rent and each expense. All of us work hard to ensure that every property owner has the documentation to see exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
We usually 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 shows the rent received as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the 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 reports 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 property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Stratford_place_at_kingstowne Rental Management Resources
Basics
Basic information regarding rental managment in Stratford_place_at_kingstowne.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Stratford_place_at_kingstowne fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in Stratford_place_at_kingstowne
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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.
Do you need understand more about the area?
Our Guide to Real Estate is a helpful resource for everyone who wants to learn more about Stratford_place_at_kingstowne and nearby areas. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, as well as many shocking facts that you might not be aware of. Also, our Guide highlights many of the benefits of life in Stratford_place_at_kingstowne. Definitely, most of this is useful for purchasers and sellers, but real estate investors and renters will likely also find the facts to be very informative.