We are very meticulous with accounting details.
As property managers it is our solemn charge to account for every penny of rent and each expense. All of us work relentlessly to ensure that every rental property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we use 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 bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the real estate 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. 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. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Burke Village Property Management Resources
Basics
Basic info about what property management in Burke Village.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Burke Village fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management services in Burke Village
Vetting
How Nesbitt Realty vets tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 the area?
Our Guide to Real Estate is a helpful resource for everyone who hopes to learn more about Burke Village and neighboring areas. The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as many compelling facts that you might not be aware of. Not to mention, our Guide highlights quite a few of the aspects of living in Burke Village. Naturally, all of this is helpful for buyers and sellers, but landlords and renters will probably also find these resources to be very eye-opening.