We are extra careful with accounting details.
As rental managers it is our duty to keep close track on every penny of income and each expense. Our team work diligently to make sure that every rental investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: 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 which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement. In January we send to the rental investors, 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.
20191_ Property Management Resources
Basics
Basic information about what management services in 20191_.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in 20191_ fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management services in 20191_
Vetting
How Nesbitt Realty vets renters for property owners.
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 community?
Our Guide to Real Estate is a free tool for anyone who wants to review important real estate information about 20191_ and surrounding areas. The Guide to Real Estate compiles facts about what has sold and what is currently listed, and some compelling facts that you might not know. In addition, our Guide has some benefits of living in 20191_. Naturally, most of this is interesting for buyers and sellers, but owners and tenants might also find these tools to be quite useful.