We are extra serious about financial issues.
As rental managers it is our solemn charge to account for every cent of income and each expense. Our staff work hard to ensure that every rental investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: 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 states the rental income as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 property owners, 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.
Stoneridge_Knolls Rental Management Resources
Basics
Elementary information regarding management services in Stoneridge_Knolls.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Stoneridge_Knolls fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Stoneridge_Knolls
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Stoneridge_Knolls and nearby communities. The Guide to Real Estate includes information about what has sold and what is for sale, and many interesting facts that you might not be aware of. In addition, our Guide spotlights quite a few of the assets of life in Stoneridge_Knolls. As might be expected, all of this is helpful for purchasers and sellers, but property owners and tenants will likely also find this information to be somewhat edifying.