We are extremely conscientious regarding money details.
As rental property managers it is our duty to account for every penny of income and each expense. Our staff work relentlessly to make sure that every rental investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: Rent Manager.
We always try 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 property owner's behalf. The monthly statement is also available online. The statement will describe what reserves we are holding on behalf of the rental investor.
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 reports into a year-end report. In January we mail the 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.
Lake_braddock Rental Management Resources
Basics
Basic info about what property management in Lake_braddock.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Lake_braddock fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management services in Lake_braddock
Vetting
How Nesbitt Realty vets renters for landlords.
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.
Should you know more about the community?
Our Guide to Real Estate is a free tool for everyone who hopes to investigate real estate facts about Lake_braddock and neighboring areas. The Guide to Real Estate has data regarding what has sold and what is for sale, and some surprising facts that you may not know. And, our Guide spotlights quite a few of the assets of living in Lake_braddock. Certainly, most of this is interesting for buyers and sellers, but rental investors and renters will probably also find this data to be somewhat informative.