We are extra careful with accounting issues.
As property managers it is our solemn charge to reconcile every cent of income and each expense. Our team work diligently to make sure that each rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: 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 states 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 monthly report will describe what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end statement. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Mclean Place Townhome Property Management Resources
Basics
Basic information regarding rental managment in Mclean Place Townhome.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Mclean Place Townhome fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in Mclean Place Townhome
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 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 know more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who needs to review important real estate information about Mclean Place Townhome and neighboring areas. The Guide to Real Estate includes facts regarding what has sold and what is currently listed, as well as a few surprising facts that you might not know. In addition, our Guide highlights quite a few of the benefits of life in Mclean Place Townhome. Yes, most of this is helpful for buyers and sellers, but owners and tenants should also find the facts to be somewhat sobering.