We are especially serious about financial matters.
As rental managers it is our solemn charge to account for every cent of income and each expense. All of us work diligently to ensure that each rental property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we use 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. 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 expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement. In January we mail the property owners, 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 Rental 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 dependable renter in Dunn_Loring fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in Dunn_Loring
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 our community?
Our Guide to Real Estate is a handy resource for everyone who wants to find out more about Dunn_Loring and nearby communities. The Guide to Real Estate provides facts regarding what has sold and what is for sale, as well as many shocking facts that you might not be aware of. And, our Guide has quite a few of the fundamentals of life in Dunn_Loring. Certainly, all of this is helpful for purchasers and sellers, but rental investors and tenants should also find this data to be somewhat informative.