We are extra careful with accounting matters.
As rental property managers it is our duty to reconcile every cent of income and each expense. All of us work diligently to ensure that every landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We always try 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 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 show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end statement. In January we mail the real estate investors, 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.
Brad_lee_homes Property Management Resources
Basics
Basic info regarding property management in Brad_lee_homes.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Brad_lee_homes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management services in Brad_lee_homes
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 want know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who wants to review important real estate information about Brad_lee_homes and surrounding communities. The Guide to Real Estate compiles facts about what has sold and what is currently listed, as well as many interesting facts that you may not know. And, our Guide highlights many of the benefits of living in Brad_lee_homes. Definitely, all of this is useful for purchasers and sellers, but real estate investors and renters may also find this information to be quite eye-opening.