We are extremely precise about accounting matters.
As rental managers it is our duty to reconcile every cent of rent and each expense. Our team work relentlessly to make sure that every property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty 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 states the rental income as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. 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 hand the 1099 to your tax preparer.
Plymouth_Haven Property Management Resources
Basics
Basic info regarding property management in Plymouth_Haven.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Plymouth_Haven fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management services in Plymouth_Haven
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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 this area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who wants to find out more about Plymouth_Haven and neighboring areas. The Guide to Real Estate has facts about what has sold and what is for sale, and a few shocking facts that you might not be aware of. In addition, our Guide has many of the fundamentals of living in Plymouth_Haven. Yes, most of this is interesting for buyers and sellers, but real estate investors and renters might also find these tools to be somewhat enlightening.