We are especially conscientious regarding financial matters.
As rental managers it is our duty to account for every penny of income and each expense. Our staff work relentlessly to ensure that each rental investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task 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. Funds 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 property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up 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 statement. In January we send to the landlords, 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.
Twinbrook At Mount Air Rental Management Resources
Basics
Basic info about what rental managment in Twinbrook At Mount Air.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Twinbrook At Mount Air fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management services in Twinbrook At Mount Air
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 understand more about the community?
Our Guide to Real Estate is a helpful tool for anyone who wants to learn more about Twinbrook At Mount Air and neighboring communities. The Guide to Real Estate has information regarding what has sold and what is currently listed, as well as many surprising facts that you may not be aware of. Also, our Guide spotlights many of the benefits of life in Twinbrook At Mount Air. Of course, most of this is helpful for purchasers and sellers, but rental investors and renters will also find this data to be somewhat enlightening.