We are especially careful with accounting details.
As property managers it is our duty to keep close track on every cent of income and each expense. Our team work hard to ensure that every rental investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful programs in the management business: 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 states the rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the rental property owner.
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 organize the monthly reports into a year-end statement. In January we send to the rental investors, 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.
Centreville Green Rental Management Resources
Basics
Basic information about what management services in Centreville Green.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Centreville Green fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management in Centreville Green
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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 want understand more about our area?
Our Guide to Real Estate is a free resource for everyone who wants to learn more about Centreville Green and surrounding areas. The Guide to Real Estate compiles information regarding what has sold and what is on the market, and a few surprising facts that you might not know. Also, our Guide has some aspects of living in Centreville Green. As a matter of course, most of this is useful for buyers and sellers, but owners and tenants will probably also find these tools to be somewhat enlightening.