We are especially conscientious regarding accounting issues.
As property managers it is our solemn charge to keep close track on every penny of income and each expense. Our staff work hard to ensure that every rental property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: Rent Manager.
We always try to 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 real estate investor's behalf. The monthly statement is also available electronically. The monthly statement 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. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report. In January we send to the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Waverly Taylor Property Management Resources
Basics
Basic info about what management services in Waverly Taylor.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in Waverly Taylor fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management services in Waverly Taylor
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 this area?
Our Guide to Real Estate is a free resource for anyone who hopes to review important real estate information about Waverly Taylor and nearby communities. The Guide to Real Estate provides facts about what has sold and what is for sale, and a few surprising facts that you may not know. Furthermore, our Guide highlights quite a few of the assets of life in Waverly Taylor. Naturally, all of this is interesting for buyers and sellers, but owners and tenants will probably also find these tools to be somewhat edifying.