We are extremely attentive with accounting matters.
As property managers it is our duty to account for every penny of income and each expense. Our team work hard to make sure that each rental investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we employ 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 shows the rental income as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will show what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Lee District Property Management Resources
Basics
Fundamental info regarding property management in Lee District.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Lee District fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management services in Lee District
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 know more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to find out more about Lee District and surrounding communities. The Guide to Real Estate includes data regarding what has sold and what is currently listed, and a couple of surprising facts that you might not be aware of. In addition, our Guide highlights many of the elements of life in Lee District. Of course, most of this is interesting for purchasers and sellers, but rental investors and renters will also find this information to be very edifying.