We are very conscientious regarding fiduciary matters.
As rental managers it is our duty to account for every penny of income and each expense. Our staff work relentlessly to make sure that each real estate investor has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we employ 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rental income as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Also, 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 statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Tuckahoe Park Rental Management Resources
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 know more about the area?
Our Guide to Real Estate is a handy resource for everyone who wants to find out more about Tuckahoe Park and neighboring communities. The Guide to Real Estate has data regarding what has sold and what is for sale, and many compelling facts that you may not be aware of. Furthermore, our Guide features some fundamentals of living in Tuckahoe Park. Of course, most of this is helpful for purchasers and sellers, but real estate investors and renters will probably also find these resources to be quite enlightening.