We are extremely precise about financial issues.
As rental managers it is our duty to account for every cent of income and each expense. Our team work diligently to make sure that each rental investor has the tools and paperwork to see 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 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 rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Atrium Condo Property Management Resources
Basics
Fundamental information regarding rental managment in Atrium Condo.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Atrium Condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with property management services in Atrium Condo
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 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 community?
Our Guide to Real Estate is a helpful tool for anyone who wants to learn more about Atrium Condo and nearby communities. The Guide to Real Estate compiles facts about what has sold and what is on the market, as well as some surprising facts that you may not be aware of. Not to mention, our Guide spotlights some benefits of life in Atrium Condo. As a matter of course, all of this is helpful for purchasers and sellers, but owners and tenants should also find these tools to be very sobering.