We are especially serious about accounting issues.
As rental managers it is our duty to keep close track on every penny of income and each expense. Our team work relentlessly to make sure that every landlord has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools 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 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 describe what funds we are holding on behalf of the rental investor.
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. At the end of the year, we compile 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 property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
King_Henry_Court Rental Management Resources
Basics
Elementary info regarding property management in King_Henry_Court.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in King_Henry_Court fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management services in King_Henry_Court
Vetting
How Nesbitt Realty vets 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 need understand more about this area?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who wants to learn more about King_Henry_Court and nearby areas. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, as well as a few compelling facts that you may not be aware of. Also, our Guide highlights many of the elements of living in King_Henry_Court. Naturally, most of this is interesting for purchasers and sellers, but real estate investors and tenants might also find these tools to be quite informative.