We are extremely attentive with accounting matters.
As property managers it is our duty to keep close track on every cent of rent and each expense. Our team work diligently to make sure that each landlord has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
We strive 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 bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly 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. 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 compile the monthly reports into a year-end statement. In January we send to 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 hand the 1099 to your tax preparer.
Fair_lakes_court Property Management Resources
Basics
Elementary info regarding rental managment in Fair_lakes_court.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Fair_lakes_court fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with rental management in Fair_lakes_court
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 understand more about our area?
Our Guide to Real Estate is a free resource for everyone who needs to review important real estate information about Fair_lakes_court and neighboring communities. The Guide to Real Estate compiles data about what has sold and what is on the market, and some surprising facts that you might not be aware of. Not to mention, our Guide has some benefits of life in Fair_lakes_court. Of course, all of this is interesting for buyers and sellers, but owners and tenants will also find these tools to be somewhat useful.