We are especially precise about accounting details.
As rental managers it is our solemn charge to account for every cent of rent and each expense. Our staff work diligently to ensure that each rental property owner has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in the management business: Rent Manager.
It is our practice to 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 shows the rental income as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end report. In January we send to the landlords, 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.
Topley_estate Property Management Resources
Basics
Elementary information regarding management services in Topley_estate.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Topley_estate fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Topley_estate
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 our area?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to learn more about Topley_estate and neighboring areas. The Guide to Real Estate has information regarding what has sold and what is on the market, as well as some interesting facts that you may not know. And, our Guide spotlights some assets of residing in Topley_estate. As a matter of course, most of this is helpful for buyers and sellers, but owners and renters will likely also find these resources to be somewhat enlightening.