We are extremely conscientious regarding accounting issues.
As rental property managers it is our solemn charge to account for every cent of rent and each expense. All of us work diligently to ensure that every rental investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: 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 shows 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 statement will describe what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end report. In January we mail the rental investors, 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.
Rolling Valley West Rental Management Resources
Basics
Fundamental information regarding management services in Rolling Valley West.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Rolling Valley West fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management services in Rolling Valley West
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 understand more about the area?
Our Guide to Real Estate is a free resource for everyone who wants to find out more about Rolling Valley West and surrounding communities. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, and some interesting facts that you may not be aware of. And, our Guide spotlights quite a few of the benefits of life in Rolling Valley West. As might be expected, all of this is useful for buyers and sellers, but owners and renters should also find this information to be quite sobering.