We are very careful with accounting issues.
As rental managers it is our solemn charge to account for every penny of income and each expense. Our team work diligently to make sure that every real estate 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 software tools in our profession: Rent Manager.
We always try 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 states the rental income as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the 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. Annually, we organize the monthly statements into a year-end report. In January we send to 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 give the 1099 to your tax preparer.
Hillbrook_Forest Property Management Resources
Basics
Fundamental information regarding rental managment in Hillbrook_Forest.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Hillbrook_Forest fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management in Hillbrook_Forest
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 this area?
Our Guide to Real Estate is a free tool for everyone who wants to find out more about Hillbrook_Forest and neighboring communities. The Guide to Real Estate compiles information about what has sold and what is for sale, and some surprising facts that you may not know. Also, our Guide features many of the assets of residing in Hillbrook_Forest. Naturally, most of this is interesting for buyers and sellers, but owners and renters will also find the facts to be quite informative.