We are very serious about accounting matters.
As property managers it is our solemn charge to account for every cent of rent and each expense. Our staff work relentlessly to make sure that every rental investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: 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 states the rent received as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end report. In January we mail the real estate investors, 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.
Eisenhower Square Rental Management Resources
Basics
Elementary information about what property management in Eisenhower Square.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable renter in Eisenhower Square fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Eisenhower Square
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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.
Should you understand more about the area?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who wants to review important real estate information about Eisenhower Square and neighboring communities. The Guide to Real Estate compiles data regarding what has sold and what is currently listed, as well as a couple of surprising facts that you might not be aware of. Furthermore, our Guide features some aspects of residing in Eisenhower Square. Of course, all of this is useful for buyers and sellers, but rental investors and renters may also find the facts to be somewhat informative.