We are extremely conscientious regarding accounting details.
As rental property managers it is our solemn charge to reconcile every cent of income and each expense. Our staff work hard to make sure that every landlord has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: 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 shows the rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Not to mention, 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 report. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Cameron Homes Rental Management Resources
Basics
Basic information about what management services in Cameron Homes.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Cameron Homes fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in Cameron Homes
Vetting
How Nesbitt Realty vets tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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.
Should you know more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who needs to review important real estate information about Cameron Homes and surrounding areas. The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as many shocking facts that you might not know. In addition, our Guide spotlights many of the elements of residing in Cameron Homes. As might be expected, most of this is interesting for purchasers and sellers, but property owners and tenants will likely also find these resources to be quite useful.