We are extremely careful with fiduciary matters.
As rental property managers it is our duty to account for every penny of rent and each expense. All of us work hard to make sure that every property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
We always try 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 which we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail the real estate investors, 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.
Braddock Place Property Management Resources
Basics
Fundamental info about what rental managment in Braddock Place.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Braddock Place fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with property management services in Braddock Place
Vetting
How Nesbitt Realty checks the backgrounds of 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 this community?
Our Guide to Real Estate is a handy tool for anyone who hopes to learn more about Braddock Place and neighboring areas. The Guide to Real Estate provides information about what has sold and what is currently listed, as well as a couple of shocking facts that you might not know. Not to mention, our Guide spotlights some assets of living in Braddock Place. Of course, most of this is interesting for buyers and sellers, but property owners and tenants will likely also find these resources to be very edifying.