We are very serious about accounting issues.
As property managers it is our duty to account for every penny of rent and each expense. Our team work relentlessly to ensure that every real estate investor has the documentation to see exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 shows the rental income as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Not to mention, 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 mail the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Bearings_South Rental Management Resources
Basics
Elementary info regarding management services in Bearings_South.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Bearings_South fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with property management services in Bearings_South
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.
Do you want understand more about this area?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who hopes to review important real estate information about Bearings_South and surrounding areas. The Guide to Real Estate compiles information about what has sold and what is for sale, and a few surprising facts that you may not know. And, our Guide highlights quite a few of the assets of residing in Bearings_South. Of course, most of this is helpful for purchasers and sellers, but rental investors and renters might also find these resources to be somewhat edifying.