We are extra precise about accounting details.
As rental property managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work diligently to ensure that every real estate investor 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 our profession: 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 that we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up 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 rental property owners, 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.
St Johns Square Rental Management Resources
Basics
Fundamental information about what management services in St Johns Square.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in St Johns Square fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in St Johns Square
Vetting
How Nesbitt Realty checks the backgrounds of 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 know more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who wants to learn more about St Johns Square and surrounding areas. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, and some compelling facts that you may not be aware of. In addition, our Guide has many of the aspects of residing in St Johns Square. Of course, most of this is useful for purchasers and sellers, but rental investors and tenants will also find the facts to be very useful.