We are extremely conscientious regarding accounting details.
As rental property managers it is our solemn charge to account for every cent of rent and each expense. Our team work diligently to ensure that each landlord has the documentation to see exactly where is money is going to and coming from. To accomplish this duty we use 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 rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report will show what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize 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. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Dominion_Heights Rental Management Resources
Basics
Elementary info regarding rental managment in Dominion_Heights.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Dominion_Heights fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Dominion_Heights
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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.
Do you want know more about our area?
Our Guide to Real Estate is a handy tool for everyone who hopes to learn more about Dominion_Heights and nearby communities. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, as well as some compelling facts that you may not know. Not to mention, our Guide spotlights many of the fundamentals of residing in Dominion_Heights. Definitely, most of this is helpful for purchasers and sellers, but owners and tenants may also find the facts to be quite sobering.