We are extremely attentive with financial issues.
As rental managers it is our solemn charge to keep close track on every penny of income and each expense. All of us work hard to ensure that each rental property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this duty 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. 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 landlord's behalf. The monthly statement is also available online. The monthly report will show 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 organize the monthly statements into a year-end statement. In January we mail the rental investors, 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.
Skyline Square Condo Rental Management Resources
Basics
Elementary information regarding management services in Skyline Square Condo.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Skyline Square Condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management services in Skyline Square Condo
Vetting
How Nesbitt Realty vets renters for our clients.
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 want understand more about this area?
Our Guide to Real Estate is a helpful resource for anyone who hopes to investigate real estate facts about Skyline Square Condo and nearby communities. The Guide to Real Estate has information about what has sold and what is on the market, as well as a few shocking facts that you might not know. Also, our Guide has many of the benefits of life in Skyline Square Condo. Of course, all of this is helpful for purchasers and sellers, but real estate investors and renters might also find these tools to be very enlightening.