We are very conscientious regarding financial matters.
As property managers it is our duty to keep close track on every cent of rent and each expense. All of us work diligently to make sure that each rental property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We usually 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 rental income as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available online. The statement will describe what reserves we are holding on behalf of the landlord.
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 compile the monthly reports into a year-end statement. In January we mail the landlords, 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.
Dalecrest Property Management Resources
Basics
Basic info regarding rental managment in Dalecrest.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in Dalecrest fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management in Dalecrest
Vetting
How Nesbitt Realty vets tenants for landlords.
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 understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who needs to review important real estate information about Dalecrest and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as many shocking facts that you may not be aware of. Furthermore, our Guide features quite a few of the aspects of living in Dalecrest. Of course, most of this is helpful for buyers and sellers, but landlords and tenants will probably also find this information to be somewhat informative.