We are extremely attentive with accounting issues.
As property managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work hard to make sure that every real estate investor has the opportunity to see exactly where is income 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 always try to 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 rental income as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, 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 statements into a year-end report. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Worthington Woods Property Management Resources
Basics
Fundamental info about what management services in Worthington Woods.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in Worthington Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in Worthington Woods
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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 need know more about the area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who needs to learn more about Worthington Woods and nearby areas. The Guide to Real Estate provides information regarding what has sold and what is for sale, as well as a few interesting facts that you might not know. Not to mention, our Guide features many of the aspects of residing in Worthington Woods. As might be expected, all of this is helpful for purchasers and sellers, but landlords and tenants will also find this data to be very enlightening.