We are extremely attentive with accounting details.
As property managers it is our duty to reconcile every penny of income and each expense. Our staff work relentlessly to ensure that every landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
We always try 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 landlord.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we mail the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Fair_Ridge Property Management Resources
Basics
Basic information about what property management in Fair_Ridge.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Fair_Ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of property management services in Fair_Ridge
Vetting
How Nesbitt Realty vets 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 need know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who needs to find out more about Fair_Ridge and surrounding areas. The Guide to Real Estate has facts regarding what has sold and what is currently listed, as well as some compelling facts that you might not know. In addition, our Guide has quite a few of the elements of living in Fair_Ridge. Of course, most of this is helpful for purchasers and sellers, but landlords and renters will also find this information to be quite sobering.