We are very serious about accounting details.
As rental managers it is our duty to account for every penny of income and each expense. Our staff work diligently to ensure that every landlord has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we use 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. 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 bills which we have paid on the landlord's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we send to the real estate investors, 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.
Kings_Highway Rental Management Resources
Basics
Basic info about what rental managment in Kings_Highway.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Kings_Highway fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with property management services in Kings_Highway
Vetting
How Nesbitt Realty checks the backgrounds of renters 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 want know more about the community?
Our Guide to Real Estate is a handy tool for anyone who wants to review important real estate information about Kings_Highway and nearby communities. The Guide to Real Estate includes information about what has sold and what is on the market, and a couple of interesting facts that you might not be aware of. Not to mention, our Guide features many of the benefits of life in Kings_Highway. Certainly, all of this is interesting for buyers and sellers, but property owners and renters may also find this data to be very informative.