We are very careful with money matters.
As property managers it is our duty to account for every penny of rent and each expense. All of us work relentlessly to make sure that each real estate investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools 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 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 describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report. In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Mount_vernon Rental Management Resources
Basics
Basic information regarding rental managment in Mount_vernon.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Mount_vernon fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of property management services in Mount_vernon
Vetting
How Nesbitt Realty vets renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 this community?
Our Guide to Real Estate is a free resource for everyone who wants to investigate real estate facts about Mount_vernon and surrounding communities. The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as a couple of surprising facts that you may not be aware of. And, our Guide spotlights many of the aspects of life in Mount_vernon. Yes, all of this is interesting for buyers and sellers, but landlords and tenants will also find this data to be somewhat informative.