We are extremely attentive with accounting issues.
As rental managers it is our solemn charge to account for every cent of rent and each expense. Our staff work relentlessly to ensure that every property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: 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 bills that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on 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 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.
Castleton Property 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 want know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who needs to review important real estate information about Castleton and nearby communities. The Guide to Real Estate compiles data about what has sold and what is currently listed, as well as a couple of surprising facts that you may not know. Also, our Guide highlights quite a few of the benefits of living in Castleton. Naturally, most of this is helpful for purchasers and sellers, but rental investors and renters will also find these resources to be very informative.