We are extremely conscientious regarding accounting matters.
As rental managers it is our solemn charge to reconcile every penny of income and each expense. All of us work hard to ensure that each rental investor has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty 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. 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 expenses which we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will show what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, 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 statement. In January we mail the property owners, 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.
900_North_Washington_St_Condo Property Management Resources
Basics
Fundamental information regarding rental managment in 900_North_Washington_St_Condo.
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 900_North_Washington_St_Condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management services in 900_North_Washington_St_Condo
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 investments?
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 this local real estate market?
Our Guide to Real Estate is a handy resource for everyone who wants to investigate real estate facts about 900_North_Washington_St_Condo and neighboring areas. The Guide to Real Estate provides information about what has sold and what is currently listed, as well as many compelling facts that you might not know. Furthermore, our Guide highlights quite a few of the elements of living in 900_North_Washington_St_Condo. Definitely, all of this is useful for purchasers and sellers, but rental investors and tenants will likely also find this data to be quite eye-opening.