We are very careful with accounting details.
As rental managers it is our duty to keep close track on every cent of rent and each expense. All of us work diligently to make sure that each landlord has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools 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 shows the rent received as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the rental property owner.
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 compile the monthly reports into a year-end statement. In January we mail the rental investors, 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.
McGaheysville Property Management Resources
Basics
Fundamental information about what management services in McGaheysville.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in McGaheysville fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of rental management services in McGaheysville
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 know more about this local real estate market?
Our Guide to Real Estate is a helpful tool for anyone who needs to learn more about McGaheysville and nearby communities. The Guide to Real Estate provides data regarding what has sold and what is on the market, and many shocking facts that you might not be aware of. And, our Guide spotlights some fundamentals of living in McGaheysville. As might be expected, all of this is helpful for purchasers and sellers, but property owners and tenants will likely also find this data to be very informative.