We are extra precise about financial issues.
As rental property managers it is our duty to reconcile every penny of income and each expense. All of us work diligently to make sure that each real estate investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in our profession: 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 rent received as well as any bills which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the rental 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. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the landlords, 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.
Mt_Vernon_Valley Rental Management Resources
Basics
Elementary information about what property management in Mt_Vernon_Valley.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable renter in Mt_Vernon_Valley fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management in Mt_Vernon_Valley
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 rental 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 this community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to learn more about Mt_Vernon_Valley and nearby communities. The Guide to Real Estate compiles information regarding what has sold and what is currently listed, as well as a few interesting facts that you may not be aware of. Not to mention, our Guide features some benefits of living in Mt_Vernon_Valley. Definitely, most of this is helpful for buyers and sellers, but real estate investors and tenants may also find these resources to be somewhat informative.