We are especially precise about accounting details.
As property managers it is our duty to keep close track on every cent of rent and each expense. All of us work relentlessly to ensure that every rental investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we use 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. 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 expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. 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.
West_Arlington Rental Management Resources
Basics
Basic information about what property management in West_Arlington.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable renter in West_Arlington fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management in West_Arlington
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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.
Should you know more about our local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who hopes to review important real estate information about West_Arlington and surrounding areas. The Guide to Real Estate provides information regarding what has sold and what is on the market, and a few interesting facts that you may not know. Furthermore, our Guide has many of the elements of life in West_Arlington. As a matter of course, all of this is interesting for buyers and sellers, but real estate investors and tenants will probably also find this data to be quite sobering.