We are very serious about accounting issues.
As property managers it is our solemn charge to reconcile every cent of income and each expense. Our staff work relentlessly to make sure that every property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in the management business: 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 states the rental income as well as any expenses that we have paid on the 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. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Huntington Property Management Resources
Basics
Basic information regarding property management in Huntington.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Huntington fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in Huntington
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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.
Should you understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who wants to review important real estate information about Huntington and surrounding communities. The Guide to Real Estate has data regarding what has sold and what is on the market, as well as a couple of compelling facts that you may not know. Furthermore, our Guide spotlights many of the assets of life in Huntington. Of course, most of this is useful for buyers and sellers, but landlords and tenants may also find these resources to be quite informative.