We are extremely precise about accounting issues.
As rental property managers it is our solemn charge to reconcile every cent of rent and each expense. All of us work relentlessly to ensure that each real estate investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools 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 shows the rental income as well as any bills which we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will describe what reserves we are holding on behalf of the real estate investor.
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. At the end of the year, we organize the monthly reports into a year-end report. In January we send to the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Glebe_Manors Property Management Resources
Basics
Basic information regarding property management in Glebe_Manors.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Glebe_Manors fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in Glebe_Manors
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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.
Do you want know more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to learn more about Glebe_Manors and nearby communities. The Guide to Real Estate has information about what has sold and what is on the market, as well as many compelling facts that you may not be aware of. And, our Guide features many of the assets of residing in Glebe_Manors. Of course, all of this is helpful for purchasers and sellers, but property owners and renters might also find this information to be very eye-opening.