We are very precise about accounting matters.
As property managers it is our duty to reconcile every penny of income and each expense. Our team work hard to make sure that each landlord has the opportunity to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
We usually 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 shows the rent received as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, 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 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.
Britford Property Management Resources
Basics
Basic information about what management services in Britford.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Britford fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management in Britford
Vetting
How Nesbitt Realty vets tenants for property owners.
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.
Should you know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who needs to review important real estate information about Britford and surrounding areas. The Guide to Real Estate includes information about what has sold and what is currently listed, as well as many surprising facts that you might not be aware of. And, our Guide has many of the aspects of residing in Britford. As might be expected, most of this is interesting for purchasers and sellers, but landlords and renters will also find these tools to be quite edifying.