We are extra precise about accounting issues.
As rental managers it is our duty to account for every penny of rent and each expense. Our staff work hard to ensure that each rental property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: Rent Manager.
We always try 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 states the rental income as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, 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 reports into a year-end report. In January we mail 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.
Victoria Crossing Property Management Resources
Basics
Fundamental information about what management services in Victoria Crossing.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Victoria Crossing fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of property management services in Victoria Crossing
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 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 community?
Our Guide to Real Estate is a free tool for anyone who needs to investigate real estate facts about Victoria Crossing and neighboring communities. The Guide to Real Estate compiles data regarding what has sold and what is for sale, and many surprising facts that you may not be aware of. And, our Guide has many of the aspects of residing in Victoria Crossing. As a matter of course, all of this is helpful for buyers and sellers, but landlords and renters will also find this information to be very eye-opening.