We are very serious about accounting matters.
As rental property 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 each property owner has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in the management business: Rent Manager.
We strive 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 bills which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, 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 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 hand the 1099 to your tax preparer.
Abbots Woods Rental Management Resources
Basics
Fundamental info about what management services in Abbots Woods.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Abbots Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management in Abbots Woods
Vetting
How Nesbitt Realty vets renters for landlords.
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 local real estate market?
Our Guide to Real Estate is a helpful tool for everyone who wants to find out more about Abbots Woods and surrounding communities. The Guide to Real Estate includes data about what has sold and what is currently listed, as well as a few surprising facts that you may not be aware of. Furthermore, our Guide has quite a few of the aspects of residing in Abbots Woods. Certainly, all of this is useful for purchasers and sellers, but landlords and renters might also find this information to be very eye-opening.