We are extremely serious about financial matters.
As rental managers it is our duty to keep close track on every penny of rent and each expense. Our staff work relentlessly to make sure that every rental investor has the opportunity to understand 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.
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 property owner's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to the landlords, 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.
Dunn_Loring_Woods Rental Management Resources
Basics
Elementary info regarding rental managment in Dunn_Loring_Woods.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Dunn_Loring_Woods fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of property management services in Dunn_Loring_Woods
Vetting
How Nesbitt Realty vets renters for landlords.
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 need understand more about the area?
Our Guide to Real Estate is a helpful resource for everyone who hopes to investigate real estate facts about Dunn_Loring_Woods and surrounding communities. The Guide to Real Estate includes data about what has sold and what is on the market, and many shocking facts that you might not know. And, our Guide has some benefits of residing in Dunn_Loring_Woods. As might be expected, most of this is helpful for buyers and sellers, but rental investors and renters should also find these resources to be somewhat enlightening.