We are extra attentive with accounting issues.
As rental property managers it is our duty to account for every penny of income and each expense. All of us work hard to ensure that every real estate investor 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 our profession: Rent Manager.
We usually 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 states 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 show what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to the landlords, 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.
Liberty Grove Property Management Resources
Basics
Fundamental info regarding management services in Liberty Grove.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Liberty Grove fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with property management services in Liberty Grove
Vetting
How Nesbitt Realty checks the backgrounds of 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 know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to learn more about Liberty Grove and nearby communities. The Guide to Real Estate has facts regarding what has sold and what is on the market, as well as a few shocking facts that you might not know. Not to mention, our Guide features some elements of living in Liberty Grove. As might be expected, all of this is interesting for buyers and sellers, but real estate investors and renters will also find these tools to be very eye-opening.