We are extra careful with money issues.
As rental property managers it is our solemn charge to account for every penny of rent and each expense. Our team work hard to ensure that every rental investor has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in our profession: 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 which we have paid on the landlord's behalf. The monthly statement is also available online. The statement will show what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end statement. In January we mail the landlords, 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.
Mount Vernon Rental Management Resources
Basics
Basic information about what rental managment in Mount Vernon.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Mount Vernon fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Mount Vernon
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.
Should you understand more about this area?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who wants to learn more about Mount Vernon and neighboring areas. The Guide to Real Estate has facts about what has sold and what is for sale, as well as a couple of compelling facts that you might not be aware of. Furthermore, our Guide spotlights quite a few of the elements of living in Mount Vernon. Yes, all of this is helpful for purchasers and sellers, but rental investors and renters will likely also find this data to be somewhat informative.