We are very meticulous with accounting matters.
As rental property managers it is our solemn charge to account for every penny of rent and each expense. Our team work hard to make sure that each rental investor has the documentation to see exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs 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 states the rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The 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. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. 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 give the 1099 to your tax preparer.
The_Atrium_Condominiums Property Management Resources
Basics
Fundamental info regarding property management in The_Atrium_Condominiums.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in The_Atrium_Condominiums fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in The_Atrium_Condominiums
Vetting
How Nesbitt Realty checks the backgrounds of renters 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.
Should you understand more about the community?
Our Guide to Real Estate is a free resource for anyone who wants to review important real estate information about The_Atrium_Condominiums and nearby communities. The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as a couple of shocking facts that you might not know. Furthermore, our Guide has many of the elements of residing in The_Atrium_Condominiums. Certainly, most of this is useful for buyers and sellers, but owners and tenants will likely also find these tools to be quite sobering.