We are very precise about accounting details.
As rental managers it is our duty to keep close track on every cent of income and each expense. All of us work relentlessly to ensure that each landlord has the opportunity to see exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in our profession: 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 bills that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the 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. Annually, we organize the monthly statements into a year-end report. In January we send to 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.
Rosslyn_Hghts Property Management Resources
Basics
Elementary info regarding rental managment in Rosslyn_Hghts.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Rosslyn_Hghts fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Rosslyn_Hghts
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 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 want know more about the area?
Our Guide to Real Estate is a helpful tool for anyone who hopes to investigate real estate facts about Rosslyn_Hghts and surrounding communities. The Guide to Real Estate provides information regarding what has sold and what is for sale, and many surprising facts that you might not be aware of. Not to mention, our Guide highlights many of the assets of life in Rosslyn_Hghts. Of course, all of this is interesting for purchasers and sellers, but landlords and renters will probably also find this information to be quite useful.