We are extremely careful with financial matters.
As rental managers it is our duty to account for every cent of rent and each expense. Our team work diligently to ensure that each real estate investor has the documentation to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in our profession: 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 states the rental income as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. 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. Also, 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 statement. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Dunn Loring Property Management Resources
Basics
Basic information regarding property management in Dunn Loring.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Dunn Loring fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of property management services in Dunn Loring
Vetting
How Nesbitt Realty vets tenants for landlords.
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 need understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to review important real estate information about Dunn Loring and neighboring communities. The Guide to Real Estate includes data regarding what has sold and what is currently listed, as well as a couple of compelling facts that you might not know. Also, our Guide features quite a few of the aspects of residing in Dunn Loring. Of course, all of this is useful for purchasers and sellers, but owners and tenants might also find these resources to be somewhat enlightening.