We are extra precise about accounting matters.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. Our staff work hard to make sure that each rental property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: Rent Manager.
We usually 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 rent received as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report 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. Not to mention, Nesbitt Realty never marks up 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 real estate investors, 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.
Pentagon_Ridge_Condominium Rental Management Resources
Basics
Fundamental info regarding management services in Pentagon_Ridge_Condominium.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great tenant in Pentagon_Ridge_Condominium fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management services in Pentagon_Ridge_Condominium
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 this community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to review important real estate information about Pentagon_Ridge_Condominium and surrounding areas. The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as many shocking facts that you may not know. And, our Guide highlights quite a few of the benefits of living in Pentagon_Ridge_Condominium. Certainly, most of this is interesting for purchasers and sellers, but property owners and renters will probably also find these resources to be somewhat eye-opening.