We are especially serious about money details.
As property managers it is our solemn charge to reconcile every cent of income and each expense. Our team work hard to make sure that every rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: Rent Manager.
It is our practice 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 that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Braddock Acres Rental Management Resources
Basics
Fundamental info regarding management services in Braddock Acres.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Braddock Acres fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with property management services in Braddock Acres
Vetting
How Nesbitt Realty vets tenants for property owners.
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 our area?
Our Guide to Real Estate is a free resource for anyone who hopes to review important real estate information about Braddock Acres and neighboring communities. The Guide to Real Estate includes information about what has sold and what is for sale, and some compelling facts that you may not be aware of. Furthermore, our Guide spotlights many of the benefits of residing in Braddock Acres. Of course, all of this is interesting for purchasers and sellers, but rental investors and tenants might also find these resources to be quite useful.