We are extra attentive with money matters.
As rental property managers it is our duty to account for every cent of rent and each expense. Our team work relentlessly to ensure that each property owner has the opportunity to know exactly where is money 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.
It is our practice 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 rent received as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the real estate investor.
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. Annually, we compile the monthly reports into a year-end statement. In January we mail 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.
Malvern_Hill Property Management Resources
Basics
Fundamental information about what rental managment in Malvern_Hill.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Malvern_Hill fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Malvern_Hill
Vetting
How Nesbitt Realty vets renters 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 the community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who needs to learn more about Malvern_Hill and surrounding communities. The Guide to Real Estate compiles data regarding what has sold and what is on the market, as well as a few interesting facts that you may not be aware of. In addition, our Guide has some aspects of life in Malvern_Hill. Of course, most of this is interesting for buyers and sellers, but property owners and renters will probably also find this information to be quite eye-opening.