We are very careful with fiduciary details.
As rental property managers it is our solemn charge to account for every cent of rent and each expense. All of us work diligently to ensure that every landlord has the documentation 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 usually 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 rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the 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 organize the monthly statements into a year-end statement. In January we send to the property owners, 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.
Mount Vernon Meadows Rental Management Resources
Basics
Elementary info regarding rental managment in Mount Vernon Meadows.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Mount Vernon Meadows fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management in Mount Vernon Meadows
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 this local real estate market?
Our Guide to Real Estate is a free resource for anyone who wants to find out more about Mount Vernon Meadows and surrounding areas. The Guide to Real Estate compiles facts about what has sold and what is on the market, and a few interesting facts that you might not be aware of. Also, our Guide highlights quite a few of the aspects of residing in Mount Vernon Meadows. As a matter of course, most of this is interesting for buyers and sellers, but rental investors and tenants may also find this information to be very eye-opening.