We are extremely serious about accounting matters.
As property managers it is our duty to reconcile every cent of rent and each expense. Our team work diligently to ensure that every rental property owner has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we use 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. 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 bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the 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 report. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Kensington Manor Property Management Resources
Basics
Elementary information regarding management services in Kensington Manor.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Kensington Manor fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management services in Kensington Manor
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 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.
Should you know more about our area?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who wants to find out more about Kensington Manor and nearby communities. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, and some surprising facts that you might not be aware of. Furthermore, our Guide highlights quite a few of the benefits of living in Kensington Manor. Of course, most of this is helpful for purchasers and sellers, but landlords and renters will probably also find these resources to be quite useful.