We are especially conscientious regarding accounting details.
As property managers it is our duty to account for every cent of income and each expense. Our team work hard to make sure that every rental investor has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 shows 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 statement will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 reports into a year-end report. In January we mail the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Dundree_Knolls Property Management Resources
Basics
Basic information about what property management in Dundree_Knolls.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable renter in Dundree_Knolls fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of property management services in Dundree_Knolls
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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.
Should you understand more about this local real estate market?
Our Guide to Real Estate is a helpful tool for everyone who hopes to find out more about Dundree_Knolls and neighboring communities. The Guide to Real Estate includes information about what has sold and what is on the market, as well as a few surprising facts that you might not know. Not to mention, our Guide features some aspects of life in Dundree_Knolls. As might be expected, most of this is useful for buyers and sellers, but landlords and tenants should also find this information to be somewhat useful.