We are extra careful with financial matters.
As rental property managers it is our duty to reconcile every cent of rent and each expense. Our staff work diligently to make sure that each real estate investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: Rent Manager.
We usually 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 rental income as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement. In January we send to the rental 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.
Hearthstone Mews Property Management Resources
Basics
Elementary information regarding rental managment in Hearthstone Mews.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Hearthstone Mews fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Hearthstone Mews
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 need understand more about this area?
Our Guide to Real Estate is a free tool for anyone who needs to find out more about Hearthstone Mews and surrounding areas. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, and a couple of surprising facts that you might not be aware of. In addition, our Guide highlights many of the benefits of living in Hearthstone Mews. Of course, all of this is helpful for purchasers and sellers, but owners and tenants will also find this information to be somewhat useful.