We are especially careful with accounting details.
As rental property managers it is our solemn charge to reconcile every cent of rent and each expense. All of us work diligently to make sure that every rental investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We usually 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 shows the rental income as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will describe what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Grand Hamptons Ii Rental Management Resources
Basics
Basic information about what property management in Grand Hamptons Ii.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in Grand Hamptons Ii fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management in Grand Hamptons Ii
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 want understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who needs to learn more about Grand Hamptons Ii and nearby communities. The Guide to Real Estate has facts about what has sold and what is for sale, as well as a couple of interesting facts that you may not know. And, our Guide spotlights some elements of living in Grand Hamptons Ii. Of course, all of this is helpful for purchasers and sellers, but owners and renters will likely also find these resources to be quite enlightening.