We are very serious about financial matters.
As rental managers it is our duty to reconcile every penny of rent and each expense. All of us work hard to ensure that each property owner has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
We usually 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 rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we send to the landlords, 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.
Vauxcleuse Property Management Resources
Basics
Fundamental info regarding property management in Vauxcleuse.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Vauxcleuse fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management in Vauxcleuse
Vetting
How Nesbitt Realty vets renters for our clients.
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 this local real estate market?
Our Guide to Real Estate is a free tool for everyone who hopes to find out more about Vauxcleuse and nearby communities. The Guide to Real Estate has facts regarding what has sold and what is on the market, as well as some shocking facts that you may not be aware of. Not to mention, our Guide highlights many of the aspects of residing in Vauxcleuse. Naturally, most of this is useful for purchasers and sellers, but owners and tenants will also find the facts to be somewhat useful.