We are very attentive with accounting matters.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. Our team work relentlessly to make sure that every rental investor has the opportunity to understand 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.
It is our practice 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 shows the rental income as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the landlord.
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 statements 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.
Sleepy Hollow Knoll Rental Management Resources
Basics
Basic info about what management services in Sleepy Hollow Knoll.
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 Sleepy Hollow Knoll fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in Sleepy Hollow Knoll
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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.
Should you know more about the community?
Our Guide to Real Estate is a handy resource for everyone who hopes to review important real estate information about Sleepy Hollow Knoll and surrounding areas. The Guide to Real Estate includes facts about what has sold and what is currently listed, and a couple of surprising facts that you might not know. Furthermore, our Guide has many of the fundamentals of residing in Sleepy Hollow Knoll. Definitely, all of this is helpful for buyers and sellers, but owners and renters will probably also find these tools to be somewhat enlightening.