We are especially conscientious regarding accounting issues.
As rental property managers it is our duty to keep close track on every penny of income and each expense. All of us work diligently to ensure that each rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: 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 shows the rental income as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 statements into a year-end report. In January we send to 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 give the 1099 to your tax preparer.
Top_of_Arl_Ridge_Road Rental Management Resources
Basics
Elementary info about what property management in Top_of_Arl_Ridge_Road.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable tenant in Top_of_Arl_Ridge_Road fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in Top_of_Arl_Ridge_Road
Vetting
How Nesbitt Realty checks the backgrounds of renters 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.
Do you want understand more about the area?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who wants to learn more about Top_of_Arl_Ridge_Road and nearby communities. The Guide to Real Estate includes information about what has sold and what is currently listed, as well as a few interesting facts that you might not be aware of. In addition, our Guide highlights quite a few of the aspects of residing in Top_of_Arl_Ridge_Road. Certainly, all of this is useful for buyers and sellers, but owners and tenants might also find the facts to be somewhat eye-opening.