We are extremely attentive with accounting details.
As rental managers it is our duty to reconcile every cent of income and each expense. Our team work relentlessly to make sure that each property owner has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
We strive 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 expenses which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up 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 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.
Villages Of Wellington Property Management Resources
Basics
Basic information about what property management in Villages Of Wellington.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Villages Of Wellington fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Villages Of Wellington
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 rentals?
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 need know more about our area?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to investigate real estate facts about Villages Of Wellington and neighboring areas. The Guide to Real Estate includes information about what has sold and what is currently listed, and many surprising facts that you might not be aware of. Also, our Guide features quite a few of the elements of living in Villages Of Wellington. As a matter of course, most of this is interesting for purchasers and sellers, but real estate investors and renters will probably also find these resources to be very eye-opening.