We are extremely precise about accounting matters.
As property managers it is our duty to keep close track on every penny of income and each expense. All of us work diligently to ensure that every rental property owner has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful software tools 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 states the rental income as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we send to the rental investors, 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.
Old_Dominion_Gardens Property Management Resources
Basics
Basic info about what management services in Old_Dominion_Gardens.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Old_Dominion_Gardens fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management in Old_Dominion_Gardens
Vetting
How Nesbitt Realty vets tenants for property owners.
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.
Do you need know more about the area?
Our Guide to Real Estate is a helpful tool for anyone who wants to investigate real estate facts about Old_Dominion_Gardens and nearby areas. The Guide to Real Estate has data regarding what has sold and what is on the market, as well as some compelling facts that you may not know. Also, our Guide spotlights many of the assets of living in Old_Dominion_Gardens. As a matter of course, all of this is useful for purchasers and sellers, but real estate investors and renters will likely also find the facts to be somewhat informative.