We are extremely careful with fiduciary matters.
As rental managers it is our solemn charge to keep close track on every penny of income and each expense. Our staff work relentlessly to make sure that each landlord has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: Rent Manager.
We usually 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 bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the 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 organize the monthly reports into a year-end report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Warren County 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 our area?
Our Guide to Real Estate is a handy resource for everyone who needs to find out more about Warren County and surrounding communities. The Guide to Real Estate has information about what has sold and what is for sale, as well as many interesting facts that you may not be aware of. And, our Guide highlights quite a few of the elements of living in Warren County. Definitely, most of this is helpful for buyers and sellers, but owners and renters may also find the facts to be very eye-opening.