We are extra conscientious regarding accounting details.
As rental property managers it is our solemn charge to keep close track on every penny of income and each expense. All of us work diligently to make sure that each real estate investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful software tools in the management business: Rent Manager.
It is our practice 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 bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly 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. 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 statement. In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Bristow Rental Management Resources
Basics
Fundamental info regarding property management in Bristow.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Bristow fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management in Bristow
Vetting
How Nesbitt Realty vets renters for landlords.
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 understand more about our local real estate market?
Our Guide to Real Estate is a free tool for everyone who wants to learn more about Bristow and neighboring areas. The Guide to Real Estate provides data regarding what has sold and what is on the market, and some interesting facts that you might not know. In addition, our Guide spotlights some assets of living in Bristow. As a matter of course, all of this is helpful for purchasers and sellers, but owners and tenants might also find the facts to be somewhat edifying.