We are extremely attentive with accounting matters.
As rental property managers it is our duty to account for every penny of income and each expense. All of us work diligently to make sure that each 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 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 shows the rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the real estate investor.
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 reports into a year-end statement. In January we mail the 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.
Edgewater_At_Town_Cntr Property Management Resources
Basics
Fundamental info regarding management services in Edgewater_At_Town_Cntr.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Edgewater_At_Town_Cntr fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with property management services in Edgewater_At_Town_Cntr
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to learn more about Edgewater_At_Town_Cntr and surrounding communities. The Guide to Real Estate provides information regarding what has sold and what is currently listed, as well as a couple of surprising facts that you might not know. Furthermore, our Guide spotlights some fundamentals of life in Edgewater_At_Town_Cntr. Certainly, most of this is helpful for purchasers and sellers, but property owners and renters will also find this information to be very enlightening.