We are extremely precise about accounting issues.
As property managers it is our duty to keep close track on every penny of rent and each expense. Our team work hard to ensure that every landlord has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: 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 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 electronically. The monthly statement will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on 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 report. In January we mail the landlords, 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.
Mount Hebron Park Rental Management Resources
Basics
Basic info about what management services in Mount Hebron Park.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Mount Hebron Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Mount Hebron Park
Vetting
How Nesbitt Realty vets tenants for landlords.
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 know more about this area?
Our Guide to Real Estate is a handy tool for everyone who hopes to investigate real estate facts about Mount Hebron Park and surrounding areas. The Guide to Real Estate provides data regarding what has sold and what is for sale, as well as a few interesting facts that you might not know. In addition, our Guide has many of the elements of life in Mount Hebron Park. Yes, all of this is useful for purchasers and sellers, but rental investors and tenants will also find this data to be very enlightening.