We are extra attentive with accounting issues.
As rental property managers it is our duty to account for every cent of income and each expense. Our staff work relentlessly to make sure that every rental property owner has the tools and paperwork 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 always try 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 states the rental income as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds 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 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.
Horizon_House_Condominium Property Management Resources
Basics
Fundamental information regarding management services in Horizon_House_Condominium.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Horizon_House_Condominium fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management services in Horizon_House_Condominium
Vetting
How Nesbitt Realty vets 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.
Do you want know more about the community?
Our Guide to Real Estate is a handy resource for anyone who needs to find out more about Horizon_House_Condominium and neighboring areas. The Guide to Real Estate compiles data about what has sold and what is on the market, as well as some surprising facts that you may not be aware of. Furthermore, our Guide has quite a few of the benefits of residing in Horizon_House_Condominium. Of course, all of this is interesting for buyers and sellers, but property owners and renters will also find these tools to be quite sobering.