We are extra attentive with accounting matters.
As rental property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our team work diligently to ensure that every rental property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in the management business: Rent Manager.
We always try 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 bills which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the property owner.
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 compile the monthly statements 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 give the 1099 to your tax preparer.
The_Duke Rental Management Resources
Basics
Elementary information regarding rental managment in The_Duke.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in The_Duke fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management in The_Duke
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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.
Should you know more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to learn more about The_Duke and surrounding communities. The Guide to Real Estate has information regarding what has sold and what is on the market, and many compelling facts that you might not be aware of. Furthermore, our Guide features many of the assets of residing in The_Duke. Naturally, all of this is helpful for buyers and sellers, but landlords and tenants will probably also find these tools to be very useful.