We are especially attentive with money issues.
As rental managers it is our duty to reconcile every cent of income and each expense. Our staff work hard to make sure that each rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful software tools 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 states the rent received 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 organize the monthly reports 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 property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Sleepy_Hollow_Woods Rental Management Resources
Basics
Fundamental info regarding property management in Sleepy_Hollow_Woods.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Sleepy_Hollow_Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management in Sleepy_Hollow_Woods
Vetting
How Nesbitt Realty vets tenants 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 know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to review important real estate information about Sleepy_Hollow_Woods and neighboring communities. The Guide to Real Estate compiles information about what has sold and what is currently listed, and some surprising facts that you might not know. Also, our Guide spotlights quite a few of the elements of living in Sleepy_Hollow_Woods. Yes, most of this is interesting for purchasers and sellers, but real estate investors and renters might also find this data to be somewhat sobering.