We are extra attentive with accounting matters.
As rental property managers it is our duty to account for every penny of income and each expense. Our team work diligently to make sure that each landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we work with 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rent received as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Furthermore, 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 statement. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Eclipse Rental Management Resources
Basics
Fundamental info regarding property management in Eclipse.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Eclipse fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management services in Eclipse
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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.
Should you understand more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who needs to investigate real estate facts about Eclipse and nearby areas. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, as well as many interesting facts that you may not know. And, our Guide features some fundamentals of living in Eclipse. Of course, all of this is useful for purchasers and sellers, but rental investors and renters might also find these tools to be very edifying.