We are especially meticulous with accounting issues.
As rental managers it is our solemn charge to account for every cent of rent and each expense. All of us work hard to make sure that every rental property owner has the opportunity 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 our profession: Rent Manager.
We strive 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 which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we mail the landlords, 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.
Bolling_Brook Property Management Resources
Basics
Elementary information about what property management in Bolling_Brook.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Bolling_Brook fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with property management services in Bolling_Brook
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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 want understand more about our area?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to find out more about Bolling_Brook and neighboring communities. The Guide to Real Estate has facts regarding what has sold and what is for sale, as well as a few shocking facts that you might not know. Not to mention, our Guide features many of the aspects of residing in Bolling_Brook. Of course, most of this is useful for purchasers and sellers, but real estate investors and tenants will likely also find this data to be somewhat enlightening.