We are extremely precise about financial issues.
As rental property managers it is our duty to keep close track on every penny of income and each expense. Our staff work relentlessly to make sure that every rental property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: Rent Manager.
We usually 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 shows 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 report will show what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Not to mention, 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 reports into a year-end report. In January we mail the rental investors, 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.
Eton_square Rental Management Resources
Basics
Fundamental information regarding property management in Eton_square.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Eton_square 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 Eton_square
Vetting
How Nesbitt Realty vets renters for property owners.
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.
Do you want know more about the area?
Our Guide to Real Estate is a free resource for anyone who wants to find out more about Eton_square and nearby areas. The Guide to Real Estate provides facts regarding what has sold and what is for sale, as well as some interesting facts that you may not be aware of. In addition, our Guide has many of the elements of residing in Eton_square. As a matter of course, all of this is helpful for buyers and sellers, but landlords and tenants will likely also find these resources to be somewhat informative.