We are very conscientious regarding fiduciary details.
As property managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work diligently to make sure that every landlord has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
We strive 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 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 monthly report will show what funds we are holding on behalf of the rental investor.
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. At the end of the year, we compile the monthly reports into a year-end report. In January we mail the rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Potomac_Place Property Management Resources
Basics
Fundamental info regarding property management in Potomac_Place.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Potomac_Place fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in Potomac_Place
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 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 want understand more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who wants to find out more about Potomac_Place and neighboring communities. The Guide to Real Estate has facts about what has sold and what is for sale, as well as many surprising facts that you might not know. Not to mention, our Guide features many of the aspects of living in Potomac_Place. Of course, most of this is interesting for buyers and sellers, but real estate investors and renters will also find the facts to be somewhat useful.