We are very careful with accounting matters.
As rental property managers it is our solemn charge to account for every cent of income and each expense. Our staff work relentlessly to ensure that every landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in the management business: 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 rent received as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the real estate 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. Annually, we organize the monthly reports into a year-end statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Brenton Property Management Resources
Basics
Fundamental information about what management services in Brenton.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in Brenton fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management in Brenton
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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 know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who needs to find out more about Brenton and nearby communities. The Guide to Real Estate compiles information about what has sold and what is for sale, as well as some compelling facts that you might not be aware of. And, our Guide features some fundamentals of residing in Brenton. Of course, most of this is helpful for buyers and sellers, but owners and tenants will probably also find these resources to be very eye-opening.