We are extra precise about financial matters.
As rental property managers it is our duty to account for every penny of rent and each expense. All of us work diligently to make sure that each landlord has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools 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 shows the rental income as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will show what monies 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 statement. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Madison_of_mclean Rental Management Resources
Basics
Fundamental information about what property management in Madison_of_mclean.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Madison_of_mclean fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in Madison_of_mclean
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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 want know more about the community?
Our Guide to Real Estate is a helpful tool for everyone who hopes to learn more about Madison_of_mclean and surrounding areas. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, as well as a few surprising facts that you might not be aware of. In addition, our Guide spotlights many of the elements of living in Madison_of_mclean. Yes, most of this is useful for purchasers and sellers, but property owners and renters might also find this data to be very useful.