We are especially precise about accounting details.
As 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 real estate investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs 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 states the rental income as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly statement will show what funds we are holding on behalf of the real estate investor.
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 compile the monthly statements into a year-end report. 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.
Tiers Of Manchester Lakes Rental Management Resources
Basics
Fundamental info regarding property management in Tiers Of Manchester Lakes.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Tiers Of Manchester Lakes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management services in Tiers Of Manchester Lakes
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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 need understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to learn more about Tiers Of Manchester Lakes and surrounding areas. The Guide to Real Estate has information about what has sold and what is currently listed, as well as a couple of interesting facts that you may not be aware of. Also, our Guide features many of the fundamentals of life in Tiers Of Manchester Lakes. Yes, all of this is interesting for purchasers and sellers, but landlords and renters might also find this data to be quite enlightening.