We are extremely precise about accounting matters.
As rental managers it is our duty to account for every cent of rent and each expense. Our team work hard to ensure that every landlord has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 that we have paid on the property owner's behalf. The monthly statement is also available online. The statement will describe what reserves we are holding on behalf of the rental 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. At the end of the year, we compile the monthly reports into a year-end statement. In January we mail 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.
The_brittany Rental Management Resources
Basics
Basic information regarding management services in The_brittany.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in The_brittany fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management in The_brittany
Vetting
How Nesbitt Realty vets renters for property owners.
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.
Should you know more about the community?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who hopes to review important real estate information about The_brittany and neighboring communities. The Guide to Real Estate includes data regarding what has sold and what is on the market, and a few shocking facts that you might not be aware of. Not to mention, our Guide features many of the aspects of living in The_brittany. Certainly, all of this is interesting for buyers and sellers, but property owners and renters will probably also find these tools to be quite sobering.