We are very precise about accounting matters.
As rental property managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work diligently to ensure that each landlord has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we work with 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 shows the rent received as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the real estate investor.
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. Annually, we compile the monthly statements into a year-end statement. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Mt_vernon_on_the_green Rental Management Resources
Basics
Basic information regarding rental managment in Mt_vernon_on_the_green.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Mt_vernon_on_the_green 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 services in Mt_vernon_on_the_green
Vetting
How Nesbitt Realty vets 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 helpful tool for everyone who hopes to find out more about Mt_vernon_on_the_green and nearby communities. The Guide to Real Estate compiles facts about what has sold and what is currently listed, as well as a few shocking facts that you might not be aware of. Also, our Guide features quite a few of the elements of residing in Mt_vernon_on_the_green. Of course, most of this is helpful for purchasers and sellers, but owners and tenants may also find this data to be somewhat useful.