We are extremely attentive with fiduciary matters.
As rental managers it is our solemn charge to keep close track on every penny of rent and each expense. All of us work relentlessly to make sure that every landlord 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.
We always try 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 states the rental income as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the rental property owner.
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 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.
Duke_garden Property Management Resources
Basics
Elementary information regarding management services in Duke_garden.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Duke_garden fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of property management services in Duke_garden
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental property?
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 community?
Our Guide to Real Estate is a helpful tool for anyone who needs to find out more about Duke_garden and neighboring areas. The Guide to Real Estate compiles information about what has sold and what is currently listed, and a few surprising facts that you may not know. Furthermore, our Guide features quite a few of the benefits of residing in Duke_garden. As a matter of course, most of this is useful for purchasers and sellers, but landlords and renters will probably also find the facts to be quite informative.