We are especially serious about accounting matters.
As rental managers it is our solemn charge to account for every penny of income and each expense. All of us work relentlessly to make sure that each property owner has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: 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 states the rent received as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the real estate investor.
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 reports into a year-end statement. In January we mail the property owners, 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.
Wooster_Mercer_Lofts Property Management Resources
Basics
Fundamental information about what property management in Wooster_Mercer_Lofts.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Wooster_Mercer_Lofts fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in Wooster_Mercer_Lofts
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 rental 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 want know more about the area?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to find out more about Wooster_Mercer_Lofts and neighboring areas. The Guide to Real Estate provides data regarding what has sold and what is currently listed, and a few shocking facts that you might not be aware of. In addition, our Guide has many of the benefits of residing in Wooster_Mercer_Lofts. Of course, all of this is interesting for buyers and sellers, but rental investors and renters might also find these tools to be quite enlightening.