We are extremely precise about accounting details.
As rental managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work diligently to ensure that every rental property owner has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 shows the rent received as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will show what reserves we are holding on behalf of the rental investor.
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. Annually, we compile the monthly statements into a year-end statement. In January we send to the rental investors, 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.
The Sanctuary Rental Management Resources
Basics
Fundamental information regarding management services in The Sanctuary.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in The Sanctuary fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in The Sanctuary
Vetting
How Nesbitt Realty vets 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.
Should you understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who wants to find out more about The Sanctuary and surrounding communities. The Guide to Real Estate includes information about what has sold and what is on the market, and a couple of shocking facts that you might not be aware of. In addition, our Guide spotlights many of the benefits of living in The Sanctuary. Of course, all of this is interesting for purchasers and sellers, but landlords and tenants should also find these tools to be somewhat eye-opening.