We are extra precise about accounting matters.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our staff work diligently to ensure that each landlord has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we use 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. Funds 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 landlord's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the real estate investor.
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. Annually, we organize the monthly statements into a year-end report. In January we mail the rental 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.
Old Town Rental Management Resources
Basics
Basic information about what property management in Old Town.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Old Town fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management in Old Town
Vetting
How Nesbitt Realty vets tenants for our clients.
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 need know more about the area?
Our Guide to Real Estate is a free tool for everyone who hopes to investigate real estate facts about Old Town and neighboring areas. The Guide to Real Estate compiles information regarding what has sold and what is on the market, and a couple of surprising facts that you may not be aware of. Also, our Guide features quite a few of the assets of living in Old Town. Of course, most of this is useful for purchasers and sellers, but real estate investors and tenants might also find these tools to be somewhat edifying.