We are extremely precise about accounting details.
As rental property managers it is our solemn charge to reconcile every cent of rent and each expense. Our staff work hard to ensure that each rental investor has the tools and paperwork 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.
It is our practice 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 shows the rent received as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. 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. Annually, we compile the monthly reports into a year-end report. In January we send to the property owners, 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.
Bentley Village Rental Management Resources
Basics
Elementary info regarding property management in Bentley Village.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Bentley Village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management in Bentley Village
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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 know more about our local real estate market?
Our Guide to Real Estate is a handy tool for anyone who wants to review important real estate information about Bentley Village and surrounding areas. The Guide to Real Estate provides data about what has sold and what is for sale, as well as many shocking facts that you may not be aware of. And, our Guide has many of the elements of residing in Bentley Village. As might be expected, most of this is interesting for purchasers and sellers, but owners and renters should also find this information to be quite sobering.