We are very serious about accounting issues.
As property managers it is our duty to account for every penny of rent and each expense. Our team work diligently to make sure that every property owner has the documentation to know 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 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 states 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 online. The monthly statement will describe what funds we are holding on behalf of the rental 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. At the end of the year, we compile the monthly statements into a year-end statement. In January we send to the rental 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.
Ridge_view Property Management Resources
Basics
Basic information regarding rental managment in Ridge_view.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Ridge_view fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with property management services in Ridge_view
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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 want know more about this community?
Our Guide to Real Estate is a handy resource for everyone who hopes to review important real estate information about Ridge_view and surrounding areas. The Guide to Real Estate has data about what has sold and what is on the market, as well as a couple of shocking facts that you may not be aware of. Also, our Guide spotlights many of the aspects of residing in Ridge_view. As might be expected, most of this is helpful for purchasers and sellers, but landlords and tenants should also find these resources to be very useful.