We are extra conscientious regarding accounting details.
As property managers it is our duty to account for every penny of rent and each expense. All of us work hard to ensure that each landlord has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.
We always try to 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 which we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will show what monies we are holding on behalf of the rental property owner.
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. At the end of the year, we compile the monthly reports into a year-end statement. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Fair_Haven Property Management Resources
Basics
Elementary info about what property management in Fair_Haven.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Fair_Haven fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of property management services in Fair_Haven
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 our community?
Our Guide to Real Estate is a free tool for everyone who hopes to investigate real estate facts about Fair_Haven and surrounding communities. The Guide to Real Estate has data about what has sold and what is for sale, and a couple of interesting facts that you might not be aware of. Also, our Guide features quite a few of the assets of living in Fair_Haven. Of course, most of this is interesting for buyers and sellers, but owners and renters may also find this data to be somewhat enlightening.