We are especially attentive with accounting matters.
As rental managers it is our solemn charge to account for every penny of income and each expense. Our team work relentlessly to make sure that every rental property owner has the documentation to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: 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 bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we mail the rental 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.
Bramblewood Rental Management Resources
Basics
Basic information about what property management in Bramblewood.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Bramblewood fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with property management services in Bramblewood
Vetting
How Nesbitt Realty vets renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 need understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who wants to find out more about Bramblewood and nearby areas. The Guide to Real Estate has data regarding what has sold and what is on the market, as well as a few shocking facts that you might not be aware of. In addition, our Guide has some benefits of living in Bramblewood. Certainly, all of this is useful for purchasers and sellers, but rental investors and renters will probably also find the facts to be somewhat edifying.