We are very careful with financial matters.
As property managers it is our solemn charge to keep close track on every penny of income and each expense. Our team work diligently to ensure that every rental investor has the opportunity to know exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: Rent Manager.
We strive 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 bills which we have paid on the landlord's behalf. The monthly statement is also available online. The statement will show what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report. In January we send to 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.
The_duke Property Management Resources
Basics
Fundamental information regarding management services in The_duke.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great renter in The_duke fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management in The_duke
Vetting
How Nesbitt Realty vets renters for our clients.
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 free resource for anyone who hopes to review important real estate information about The_duke and surrounding communities. The Guide to Real Estate includes data regarding what has sold and what is on the market, and some shocking facts that you may not know. Not to mention, our Guide highlights quite a few of the benefits of life in The_duke. Naturally, most of this is helpful for buyers and sellers, but property owners and tenants will also find this information to be somewhat informative.