We are extra meticulous with accounting matters.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. Our staff work hard to make sure that each rental property owner has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in our profession: Rent Manager.
We strive 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 bills that we have paid on the rental 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 real estate investor.
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. At the end of the year, we organize 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.
Camelot Property Management Resources
Basics
Elementary information regarding rental managment in Camelot.
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 Camelot fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of property management services in Camelot
Vetting
How Nesbitt Realty vets renters 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 understand more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who hopes to learn more about Camelot and neighboring communities. The Guide to Real Estate provides facts about what has sold and what is currently listed, and many shocking facts that you may not be aware of. Furthermore, our Guide spotlights many of the assets of living in Camelot. Of course, all of this is helpful for buyers and sellers, but rental investors and tenants will also find these resources to be somewhat edifying.