We are especially careful with accounting details.
As property managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work relentlessly to ensure that each landlord has the tools and paperwork 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 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 states the rental income as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. And, 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 report. In January we mail the property owners, 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.
Warren County Property Management Resources
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Basics
Fundamental info regarding property management in Warren County.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
Market your property to rent to find a dependable tenant in Warren County fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
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Cost
An overview of prices of rental management services in Warren County
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Vetting
How Nesbitt Realty vets tenants for landlords.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rentals?
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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 understand more about the area?
Our Guide to Real Estate is a helpful resource for anyone who needs to find out more about Warren County and neighboring areas. The Guide to Real Estate provides facts regarding what has sold and what is on the market, as well as some interesting facts that you might not know. In addition, our Guide features some assets of life in Warren County. As might be expected, most of this is useful for buyers and sellers, but rental investors and tenants may also find these tools to be quite useful.