We are extremely serious about money details.
As property managers it is our duty to keep close track on every cent of income and each expense. Our staff work relentlessly to make sure that every rental investor has the documentation to see exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in our profession: Rent Manager.
We always try 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 rental property owner's behalf. The monthly statement is also available online. The monthly report will show what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up 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 mail the landlords, 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.
Keene Mill Station Rental Management Resources
Basics
Elementary information about what rental managment in Keene Mill Station.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Keene Mill Station fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management services in Keene Mill Station
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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 the area?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who wants to learn more about Keene Mill Station and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as a few surprising facts that you might not be aware of. Also, our Guide highlights many of the elements of life in Keene Mill Station. Definitely, all of this is interesting for purchasers and sellers, but real estate investors and tenants will probably also find this information to be quite enlightening.