We are very meticulous with accounting matters.
As rental property managers it is our duty to reconcile every cent of income and each expense. Our staff work hard to ensure that each rental investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we work with 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. Rents 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 landlord's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. And, 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 statement. In January we mail the landlords, 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.
Arlington Homes Sale 2 Property Management Resources
Basics
Fundamental information about what management services in Arlington Homes Sale 2.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Arlington Homes Sale 2 fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with rental management in Arlington Homes Sale 2
Vetting
How Nesbitt Realty vets tenants for landlords.
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 this area?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to investigate real estate facts about Arlington Homes Sale 2 and surrounding areas. The Guide to Real Estate has facts about what has sold and what is for sale, and some shocking facts that you might not be aware of. Not to mention, our Guide has quite a few of the aspects of residing in Arlington Homes Sale 2. As might be expected, all of this is helpful for buyers and sellers, but landlords and renters will likely also find these resources to be quite sobering.