We are very conscientious regarding financial details.
As rental property managers it is our duty to reconcile every cent of rent and each expense. Our staff work relentlessly to ensure that every rental property owner has the opportunity to understand exactly where is income 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 strive to process and deposit rents on the same day they are received. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states 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 report will describe what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on 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 statement. In January we mail the rental investors, 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.
Penn Laird Property Management Resources
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 this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to review important real estate information about Penn Laird and nearby communities. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, as well as a couple of surprising facts that you might not be aware of. Also, our Guide features some elements of residing in Penn Laird. Of course, all of this is helpful for purchasers and sellers, but property owners and tenants will likely also find this data to be somewhat enlightening.