We are very meticulous with financial issues.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work diligently to make sure that every rental investor has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs 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 states the rent received as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what monies 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 compile the monthly statements into a year-end report. In January we mail 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.
Rotonda Property Management Resources
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 area?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who hopes to find out more about Rotonda and surrounding communities. The Guide to Real Estate has data about what has sold and what is for sale, and a few interesting facts that you may not know. Not to mention, our Guide highlights some aspects of life in Rotonda. As a matter of course, most of this is useful for buyers and sellers, but owners and renters will probably also find this information to be somewhat eye-opening.