We are especially attentive with financial details.
As rental property managers it is our duty to keep close track on every penny of income and each expense. All of us work hard to make sure that each real estate investor has the tools and paperwork to know 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 strive 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 electronically. The monthly report will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, 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 reports into a year-end report. In January we mail the rental property owners, 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.
Bristol_House Rental Management Resources
Basics
Fundamental info about what property management in Bristol_House.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Bristol_House fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in Bristol_House
Vetting
How Nesbitt Realty vets tenants 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.
Should you know more about the local real estate market?
Our Guide to Real Estate is a free resource for everyone who wants to find out more about Bristol_House and neighboring communities. The Guide to Real Estate compiles facts about what has sold and what is on the market, as well as many compelling facts that you may not know. Furthermore, our Guide features many of the assets of life in Bristol_House. Certainly, all of this is useful for purchasers and sellers, but landlords and renters might also find these tools to be somewhat eye-opening.