We are extra meticulous with accounting details.
As rental managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work hard to make sure that each real estate investor has the tools and paperwork 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 our profession: Rent Manager.
We strive 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 bills that we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the landlord.
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. Annually, we organize the monthly reports into a year-end statement. In January we send to the property owners, 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.
Kings_park_west Rental Management Resources
Basics
Basic information regarding management services in Kings_park_west.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Kings_park_west fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management in Kings_park_west
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 need know more about this area?
Our Guide to Real Estate is a helpful tool for everyone who hopes to review important real estate information about Kings_park_west and surrounding communities. The Guide to Real Estate compiles data regarding what has sold and what is on the market, as well as many compelling facts that you might not be aware of. Also, our Guide has some elements of living in Kings_park_west. Of course, most of this is useful for purchasers and sellers, but property owners and tenants should also find these resources to be somewhat edifying.