We are especially attentive with accounting details.
As rental managers it is our duty to keep close track on every cent of rent and each expense. Our staff work diligently to ensure that every property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We strive 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 bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 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.
Mt_vernon_estates Property Management Resources
Basics
Fundamental information regarding rental managment in Mt_vernon_estates.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Mt_vernon_estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with property management services in Mt_vernon_estates
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 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 need know more about our local real estate market?
Our Guide to Real Estate is a free tool for anyone who needs to investigate real estate facts about Mt_vernon_estates and nearby areas. The Guide to Real Estate includes facts regarding what has sold and what is on the market, and many compelling facts that you may not be aware of. Also, our Guide highlights some aspects of living in Mt_vernon_estates. Certainly, most of this is helpful for purchasers and sellers, but property owners and renters should also find this data to be very informative.