We are very meticulous with accounting matters.
As property managers it is our duty to reconcile every penny of income and each expense. Our staff work diligently to make sure that each property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: Rent Manager.
We always try 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 states the rent received as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we send to the property owners, 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.
Metes Bounds Property Management Resources
Basics
Fundamental info about what rental managment in Metes Bounds.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Metes Bounds fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management in Metes Bounds
Vetting
How Nesbitt Realty vets tenants for property owners.
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 the area?
Our Guide to Real Estate is a helpful resource for anyone who hopes to review important real estate information about Metes Bounds and nearby communities. The Guide to Real Estate includes data regarding what has sold and what is on the market, and some surprising facts that you may not know. And, our Guide has some benefits of residing in Metes Bounds. Of course, all of this is useful for buyers and sellers, but rental investors and tenants should also find this information to be quite enlightening.