How We Account For Rents and Expenditures For Our Rental Owning Clients

We are extra meticulous with accounting issues.

As rental managers it is our duty to account for every cent of rent and each expense. Our team work relentlessly to make sure that every property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in the management business: Rent Manager.

We strive to process and deposit rents on the same day they are received. Funds 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 real estate investor's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the landlord.

There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on 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 hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Woodville Rental Management Resources

If you have tenants, you have problems.

Nesbitt Realty handles those problems.

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?

Our Guide to Real Estate is a helpful resource for everyone who hopes to find out more about Woodville and neighboring areas.  The Guide to Real Estate compiles data about what has sold and what is on the market, as well as many shocking facts that you might not be aware of.  Not to mention, our Guide features some assets of life in Woodville.  Certainly, all of this is useful for purchasers and sellers, but owners and renters will also find this information to be very edifying.

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