We are extremely attentive with financial matters.
As rental managers it is our duty to account for every penny of income and each expense. All of us work diligently to ensure that every rental property owner has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: 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 bills that we have paid on the landlord's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the rental investor.
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. At the end of the year, we organize the monthly statements into a year-end report. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Broyhills Mclean Estates Property Management Resources
Basics
Fundamental info about what rental managment in Broyhills Mclean Estates.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Broyhills Mclean 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 Broyhills Mclean Estates
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 need understand more about the area?
Our Guide to Real Estate is a handy tool for everyone who hopes to find out more about Broyhills Mclean Estates and surrounding areas. The Guide to Real Estate includes information about what has sold and what is currently listed, as well as many interesting facts that you may not be aware of. In addition, our Guide has some assets of residing in Broyhills Mclean Estates. Naturally, all of this is useful for buyers and sellers, but property owners and tenants will probably also find this data to be very useful.