We are very attentive with accounting issues.
As property managers it is our solemn charge to reconcile every cent of rent and each expense. Our staff work relentlessly to ensure that every rental investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we work with 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. Funds 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 which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly 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 statements into a year-end report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
The_Williamsburg_Condominiums Property Management Resources
Basics
Basic information about what rental managment in The_Williamsburg_Condominiums.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in The_Williamsburg_Condominiums fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management services in The_Williamsburg_Condominiums
Vetting
How Nesbitt Realty vets tenants for property owners.
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 this community?
Our Guide to Real Estate is a free tool for anyone who hopes to review important real estate information about The_Williamsburg_Condominiums and surrounding areas. The Guide to Real Estate compiles facts about what has sold and what is currently listed, and many shocking facts that you may not know. Not to mention, our Guide has quite a few of the elements of life in The_Williamsburg_Condominiums. Definitely, most of this is interesting for purchasers and sellers, but property owners and tenants might also find this information to be quite sobering.