We are extremely attentive with accounting issues.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. Our team work hard to ensure that each rental property owner has the documentation 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 our profession: 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 states the rent received as well as any expenses which we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 statements into a year-end report. In January we mail the real estate investors, 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.
Stuart Ridge Property Management Resources
Basics
Basic info regarding management services in Stuart Ridge.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable renter in Stuart Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in Stuart Ridge
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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.
Do you need know more about the community?
Our Guide to Real Estate is a helpful tool for anyone who wants to review important real estate information about Stuart Ridge and surrounding communities. The Guide to Real Estate provides facts regarding what has sold and what is for sale, as well as a few shocking facts that you may not know. Also, our Guide has many of the assets of life in Stuart Ridge. Of course, most of this is useful for purchasers and sellers, but real estate investors and tenants may also find these tools to be very edifying.