We are especially precise about financial matters.
As property managers it is our duty to keep close track on every cent of rent and each expense. Our team work relentlessly to make sure that each rental investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we work with 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 expenses which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end statement. In January we send to the rental 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.
Hollindale Rental Management Resources
Basics
Fundamental info about what property management in Hollindale.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Hollindale fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management services in Hollindale
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 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 the area?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who needs to investigate real estate facts about Hollindale and neighboring areas. The Guide to Real Estate includes information regarding what has sold and what is for sale, and some surprising facts that you may not be aware of. And, our Guide has many of the aspects of residing in Hollindale. Of course, all of this is interesting for buyers and sellers, but owners and tenants should also find the facts to be quite sobering.