We are very attentive with accounting matters.
As property managers it is our duty to keep close track on every cent of rent and each expense. Our team work relentlessly to make sure that every landlord has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools 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 rental income as well as any expenses which we have paid on the real estate investor'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. Also, 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 reports into a year-end statement. In January we send to the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
The_brittany_condominiums Rental Management Resources
Basics
Fundamental information regarding property management in The_brittany_condominiums.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in The_brittany_condominiums fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with property management services in The_brittany_condominiums
Vetting
How Nesbitt Realty vets renters for landlords.
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 tool for everyone who hopes to learn more about The_brittany_condominiums and nearby communities. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, and a couple of compelling facts that you may not know. Furthermore, our Guide highlights quite a few of the assets of living in The_brittany_condominiums. Of course, all of this is useful for purchasers and sellers, but rental investors and renters will likely also find the facts to be very eye-opening.