We are very serious about accounting issues.
As rental managers it is our duty to reconcile every penny of rent and each expense. Our team work diligently to make sure that each rental property owner has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: 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 states the rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly 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 pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail the rental investors, 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.
Dundree_Hills_Ths Rental Management Resources
Basics
Basic info regarding management services in Dundree_Hills_Ths.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Dundree_Hills_Ths fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of property management services in Dundree_Hills_Ths
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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 our community?
Our Guide to Real Estate is a handy tool for everyone who needs to review important real estate information about Dundree_Hills_Ths and neighboring communities. The Guide to Real Estate includes information regarding what has sold and what is currently listed, and many compelling facts that you may not know. And, our Guide spotlights quite a few of the fundamentals of residing in Dundree_Hills_Ths. Of course, most of this is useful for purchasers and sellers, but property owners and tenants should also find this information to be quite enlightening.