We are very serious about accounting details.
As rental property managers it is our duty to reconcile every penny of rent and each expense. All of us work diligently to ensure that every rental investor has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: 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 rental income as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will describe what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we send to 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.
Carlyle_Towers Property Management Resources
Basics
Elementary information about what property management in Carlyle_Towers.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Carlyle_Towers fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Carlyle_Towers
Vetting
How Nesbitt Realty vets tenants for property owners.
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 need know more about the community?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to find out more about Carlyle_Towers and surrounding areas. The Guide to Real Estate provides information about what has sold and what is for sale, as well as a few interesting facts that you may not be aware of. Furthermore, our Guide highlights quite a few of the benefits of residing in Carlyle_Towers. As might be expected, most of this is helpful for buyers and sellers, but landlords and tenants will likely also find this information to be somewhat informative.