We are extra careful with financial matters.
As rental property managers it is our duty to keep close track on every cent of income and each expense. All of us work diligently to make sure that every rental investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
We always try 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 states the rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the rental property owner.
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. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the property owners, 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.
Summertree Condo Apts Rental Management Resources
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 need understand more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who wants to find out more about Summertree Condo Apts and neighboring areas. The Guide to Real Estate includes information about what has sold and what is on the market, as well as a few compelling facts that you might not be aware of. Not to mention, our Guide features quite a few of the assets of life in Summertree Condo Apts. Of course, most of this is interesting for buyers and sellers, but owners and renters may also find this information to be somewhat sobering.