We are especially conscientious regarding fiduciary issues.
As rental managers it is our solemn charge to keep close track on every penny of income and each expense. All of us work diligently to make sure that each property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: 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 expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will show what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up 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 property owners, 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.
Duke_condominium Rental Management Resources
Basics
Fundamental information regarding management services in Duke_condominium.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Duke_condominium fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in Duke_condominium
Vetting
How Nesbitt Realty vets renters for property owners.
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 the community?
Our Guide to Real Estate is a handy resource for anyone who wants to investigate real estate facts about Duke_condominium and surrounding communities. The Guide to Real Estate compiles information regarding what has sold and what is on the market, as well as some interesting facts that you may not know. Furthermore, our Guide spotlights quite a few of the elements of residing in Duke_condominium. As might be expected, all of this is useful for buyers and sellers, but landlords and tenants will likely also find the facts to be very sobering.