We are very meticulous with financial details.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our team work diligently to make sure that every rental investor has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we employ 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. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report. In January we mail 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.
Mount Vernon Lakes Condo Rental Management Resources
Basics
Elementary information regarding rental managment in Mount Vernon Lakes Condo.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Mount Vernon Lakes Condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management in Mount Vernon Lakes Condo
Vetting
How Nesbitt Realty checks the backgrounds of renters 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.
Should you understand more about the local real estate market?
Our Guide to Real Estate is a free tool for anyone who needs to learn more about Mount Vernon Lakes Condo and surrounding areas. The Guide to Real Estate includes information about what has sold and what is for sale, and some shocking facts that you might not be aware of. Also, our Guide highlights many of the aspects of residing in Mount Vernon Lakes Condo. Of course, all of this is helpful for buyers and sellers, but landlords and renters might also find this information to be very eye-opening.