We are especially precise about financial issues.
As rental managers it is our duty to account for every penny of rent and each expense. Our staff work hard to make sure that each property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: 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 rental income as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the rental 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. Annually, we organize the monthly statements into a year-end report. In January we send to 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.
New Alexandria Rental Management Resources
Basics
Elementary information about what property management in New Alexandria.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in New Alexandria fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in New Alexandria
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 understand more about the local real estate market?
Our Guide to Real Estate is a free resource for everyone who hopes to learn more about New Alexandria and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is on the market, and a couple of surprising facts that you may not be aware of. Furthermore, our Guide spotlights some fundamentals of living in New Alexandria. Of course, most of this is helpful for buyers and sellers, but rental investors and tenants should also find these resources to be very enlightening.