We are extra careful with accounting matters.
As property managers it is our duty to account for every penny of income and each expense. All of us work diligently to ensure that every landlord has the opportunity to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 states the rental income as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we send to the real estate investors, 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.
Keene_Mill_Village Rental Management Resources
Basics
Elementary info regarding rental managment in Keene_Mill_Village.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Keene_Mill_Village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management services in Keene_Mill_Village
Vetting
How Nesbitt Realty vets renters for landlords.
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 want know more about our community?
Our Guide to Real Estate is a free resource for anyone who needs to investigate real estate facts about Keene_Mill_Village and neighboring communities. The Guide to Real Estate includes data regarding what has sold and what is currently listed, and many shocking facts that you may not know. Not to mention, our Guide highlights quite a few of the assets of life in Keene_Mill_Village. Of course, all of this is useful for buyers and sellers, but owners and tenants will likely also find these resources to be quite sobering.