We are especially meticulous with financial details.
As rental property managers it is our solemn charge to account for every penny of income and each expense. Our team work relentlessly to make sure that every landlord has the documentation to see exactly where is money is going to and coming from. To accomplish this duty 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. 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 bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly 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. In addition, 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 rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Hallmark Rental Management Resources
Basics
Basic info about what rental managment in Hallmark.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Hallmark fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Hallmark
Vetting
How Nesbitt Realty vets tenants for our clients.
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 want understand more about the community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who needs to investigate real estate facts about Hallmark and nearby areas. The Guide to Real Estate has facts about what has sold and what is on the market, and a couple of compelling facts that you may not be aware of. And, our Guide spotlights quite a few of the fundamentals of life in Hallmark. Naturally, most of this is helpful for purchasers and sellers, but real estate investors and tenants may also find these resources to be very useful.