We are especially careful with accounting details.
As rental managers it is our duty to keep close track on every cent of income and each expense. Our staff work diligently to ensure that every real estate investor has the documentation to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in our profession: Rent Manager.
We usually 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 bills which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Furthermore, 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 report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Cameron_Station Rental Management Resources
Basics
Elementary info about what management services in Cameron_Station.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Cameron_Station fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of property management services in Cameron_Station
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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?
Our Guide to Real Estate is a helpful tool for everyone who hopes to review important real estate information about Cameron_Station and nearby communities. The Guide to Real Estate compiles information about what has sold and what is currently listed, as well as a couple of surprising facts that you might not be aware of. In addition, our Guide features some assets of life in Cameron_Station. Of course, most of this is useful for buyers and sellers, but real estate investors and renters will probably also find these resources to be quite sobering.