We are extremely precise about accounting matters.
As property managers it is our solemn charge to account for every penny of rent and each expense. Our team work hard to ensure that each rental property owner has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we work with 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 rent received as well as any expenses which we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report will show what funds 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. Annually, we compile the monthly statements into a year-end report. In January we mail the landlords, 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.
Commonwealth Place At Westfields Property Management Resources
Basics
Elementary info about what rental managment in Commonwealth Place At Westfields.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Commonwealth Place At Westfields fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management services in Commonwealth Place At Westfields
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 understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to review important real estate information about Commonwealth Place At Westfields and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, and a couple of surprising facts that you may not be aware of. Not to mention, our Guide has some elements of residing in Commonwealth Place At Westfields. Yes, most of this is helpful for buyers and sellers, but landlords and renters may also find this information to be quite useful.