We are especially meticulous with financial issues.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work hard to make sure that each rental property owner has the opportunity to understand 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 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 states the rent received as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end report. In January we mail 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 give the 1099 to your tax preparer.
Bull_Run_Estates Property Management Resources
Basics
Fundamental information about what property management in Bull_Run_Estates.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in Bull_Run_Estates fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management in Bull_Run_Estates
Vetting
How Nesbitt Realty vets tenants for landlords.
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 want understand more about this community?
Our Guide to Real Estate is a helpful resource for everyone who needs to learn more about Bull_Run_Estates and nearby areas. The Guide to Real Estate includes information regarding what has sold and what is currently listed, and a couple of compelling facts that you may not be aware of. Not to mention, our Guide spotlights some benefits of life in Bull_Run_Estates. Naturally, all of this is interesting for purchasers and sellers, but owners and tenants might also find this information to be very enlightening.