We are extra meticulous with accounting matters.
As rental managers it is our duty to keep close track on every cent of income and each expense. Our staff work diligently to ensure that each real estate investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: 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 expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will show what reserves we are holding on behalf of the rental property owner.
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. At the end of the year, we compile the monthly statements into a year-end statement. 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.
Huntington_station Property Management Resources
Basics
Basic info about what management services in Huntington_station.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Huntington_station fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management in Huntington_station
Vetting
How Nesbitt Realty vets renters 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 know more about the community?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to learn more about Huntington_station and neighboring areas. The Guide to Real Estate provides data about what has sold and what is for sale, and some compelling facts that you might not be aware of. Furthermore, our Guide features many of the aspects of living in Huntington_station. As a matter of course, most of this is interesting for purchasers and sellers, but landlords and tenants should also find this data to be somewhat informative.