We are extremely precise about accounting details.
As rental property managers it is our solemn charge to reconcile every cent of rent and each expense. Our staff work relentlessly to make sure that every landlord has the opportunity to know exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: Rent Manager.
We strive to 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 states the rental income as well as any expenses that 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 property owner.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on 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 report. In January we send to the rental property owners, 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.
Palisades_Park Rental Management Resources
Basics
Fundamental info regarding property management in Palisades_Park.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Palisades_Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management services in Palisades_Park
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 need understand more about our community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to investigate real estate facts about Palisades_Park and nearby areas. The Guide to Real Estate compiles facts about what has sold and what is on the market, and some shocking facts that you may not know. In addition, our Guide features some assets of residing in Palisades_Park. As a matter of course, all of this is interesting for purchasers and sellers, but owners and renters will likely also find the facts to be very eye-opening.