We are very attentive with accounting matters.
As rental managers it is our solemn charge to keep close track on every penny of rent and each expense. Our staff work diligently to ensure that each landlord has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: Rent Manager.
We always try to 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 that we have paid on the real estate investor's behalf. The monthly statement is also available online. 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. Annually, we organize the monthly reports into a year-end statement. In January we send to 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 give the 1099 to your tax preparer.
Huntington Crossing Rental Management Resources
Basics
Basic info about what rental managment in Huntington Crossing.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Huntington Crossing 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 Huntington Crossing
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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 understand more about this local real estate market?
Our Guide to Real Estate is a free tool for anyone who hopes to find out more about Huntington Crossing and surrounding areas. The Guide to Real Estate provides information regarding what has sold and what is currently listed, and some interesting facts that you may not know. Furthermore, our Guide features quite a few of the elements of living in Huntington Crossing. Of course, all of this is helpful for buyers and sellers, but owners and tenants will likely also find these tools to be quite useful.