We are extremely meticulous with accounting details.
As property managers it is our duty to reconcile every penny of income and each expense. Our staff work diligently to ensure that each landlord has the documentation to see exactly where is money is going to and coming from. To accomplish this task 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. Funds 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 which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. And, 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 send to the landlords, 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.
Fox_Meadow Property Management Resources
Basics
Fundamental info regarding rental managment in Fox_Meadow.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Fox_Meadow fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management in Fox_Meadow
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.
Should you know more about the community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to find out more about Fox_Meadow and surrounding areas. The Guide to Real Estate includes data regarding what has sold and what is for sale, and some compelling facts that you may not be aware of. In addition, our Guide highlights some assets of residing in Fox_Meadow. Of course, most of this is useful for purchasers and sellers, but owners and renters will probably also find these resources to be quite eye-opening.