We are especially attentive with accounting details.
As rental property managers it is our solemn charge to account for every penny of rent and each expense. Our team work relentlessly to make sure that every property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.
It is our practice 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 rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail 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.
Fountains_at_mclean Rental Management Resources
Basics
Basic information regarding management services in Fountains_at_mclean.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Fountains_at_mclean fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management in Fountains_at_mclean
Vetting
How Nesbitt Realty vets renters for our clients.
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 need know more about our community?
Our Guide to Real Estate is a free tool for anyone who needs to review important real estate information about Fountains_at_mclean and neighboring areas. The Guide to Real Estate provides information regarding what has sold and what is for sale, as well as many compelling facts that you might not know. In addition, our Guide features quite a few of the assets of life in Fountains_at_mclean. Of course, all of this is interesting for purchasers and sellers, but rental investors and renters will also find this data to be very edifying.