We are especially serious about accounting details.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. Our team work diligently to make sure that each landlord has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs 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 rent received as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the 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 reports into a year-end statement. In January we mail the rental investors, 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.
The_Brittany Property Management Resources
Basics
Fundamental info regarding management services in The_Brittany.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in The_Brittany fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in The_Brittany
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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 need understand more about our area?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who needs to find out more about The_Brittany and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, and a few interesting facts that you might not be aware of. Furthermore, our Guide spotlights many of the elements of living in The_Brittany. Definitely, most of this is helpful for purchasers and sellers, but landlords and renters will likely also find the facts to be very enlightening.