We are especially conscientious regarding accounting details.
As rental managers it is our solemn charge to reconcile every penny of income and each expense. Our staff work diligently to ensure that every real estate investor has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: 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 that we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize 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. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Olde_Mill Property Management Resources
Basics
Fundamental info about what rental managment in Olde_Mill.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Olde_Mill fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management in Olde_Mill
Vetting
How Nesbitt Realty vets renters for landlords.
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 need know more about our area?
Our Guide to Real Estate is a helpful resource for everyone who wants to investigate real estate facts about Olde_Mill and surrounding areas. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, as well as some shocking facts that you might not know. Furthermore, our Guide highlights quite a few of the elements of life in Olde_Mill. Of course, all of this is useful for purchasers and sellers, but real estate investors and renters might also find this information to be very enlightening.