We are extra careful with accounting issues.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work relentlessly to make sure that each landlord has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 rental property owner's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Meadows_of_Narnia Property Management Resources
Basics
Fundamental info regarding rental managment in Meadows_of_Narnia.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Meadows_of_Narnia fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management in Meadows_of_Narnia
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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 understand more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to find out more about Meadows_of_Narnia and neighboring communities. The Guide to Real Estate has data about what has sold and what is on the market, as well as some interesting facts that you may not be aware of. Not to mention, our Guide spotlights many of the elements of residing in Meadows_of_Narnia. As might be expected, all of this is useful for purchasers and sellers, but real estate investors and renters will probably also find this information to be somewhat useful.