We are especially attentive with fiduciary issues.
As rental property managers it is our duty to keep close track on every cent of rent and each expense. All of us work relentlessly to make sure that every landlord 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.
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 shows the rental income as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the rental property owner.
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. At the end of the year, we compile the monthly statements into a year-end report. In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Dawkins_Ridge Property Management Resources
Basics
Fundamental info regarding management services in Dawkins_Ridge.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Dawkins_Ridge 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 Dawkins_Ridge
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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.
Should you know more about our community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to investigate real estate facts about Dawkins_Ridge and neighboring communities. The Guide to Real Estate compiles information about what has sold and what is currently listed, as well as a few interesting facts that you may not be aware of. Also, our Guide features many of the fundamentals of life in Dawkins_Ridge. Of course, most of this is interesting for purchasers and sellers, but rental investors and tenants will also find this information to be quite edifying.