We are especially precise about accounting matters.
As rental managers it is our solemn charge to account for every penny of rent and each expense. Our team work hard to make sure that every rental investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we work with 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 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 electronically. The monthly report will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end statement. In January we mail the landlords, 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.
Signal_hill_estates Rental Management Resources
Basics
Basic information regarding property management in Signal_hill_estates.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Signal_hill_estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management in Signal_hill_estates
Vetting
How Nesbitt Realty vets 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 want know more about our area?
Our Guide to Real Estate is a helpful resource for anyone who hopes to learn more about Signal_hill_estates and neighboring areas. The Guide to Real Estate provides information about what has sold and what is for sale, as well as some interesting facts that you might not know. Also, our Guide has many of the aspects of living in Signal_hill_estates. Of course, all of this is helpful for buyers and sellers, but real estate investors and tenants will also find these resources to be somewhat eye-opening.