We are very meticulous with accounting matters.
As property managers it is our duty to keep close track on every penny of rent and each expense. All of us work relentlessly to make sure that every rental investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in the management business: 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 rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Furthermore, 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 send to the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Bromptons At Monument Place Rental Management Resources
Basics
Elementary info regarding rental managment in Bromptons At Monument Place.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Bromptons At Monument Place fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with property management services in Bromptons At Monument Place
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 rental investments?
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 know more about the community?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who hopes to investigate real estate facts about Bromptons At Monument Place and neighboring areas. The Guide to Real Estate has data regarding what has sold and what is on the market, as well as a couple of interesting facts that you may not know. In addition, our Guide features quite a few of the benefits of life in Bromptons At Monument Place. Of course, all of this is useful for purchasers and sellers, but real estate investors and tenants will also find these resources to be very useful.