We are very meticulous with accounting details.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work relentlessly to make sure that every rental investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: Rent Manager.
We always try 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 expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the landlord.
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. Annually, we organize the monthly statements into a year-end statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Baileys Crossroads Rental Management Resources
Basics
Basic info regarding management services in Baileys Crossroads.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Baileys Crossroads fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of property management services in Baileys Crossroads
Vetting
How Nesbitt Realty checks the backgrounds of renters 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.
Do you want know more about the area?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to review important real estate information about Baileys Crossroads and surrounding areas. The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as a couple of interesting facts that you may not know. Not to mention, our Guide features many of the assets of living in Baileys Crossroads. Certainly, most of this is interesting for buyers and sellers, but landlords and tenants will probably also find these tools to be quite enlightening.