We are extra attentive with accounting details.
As property managers it is our solemn charge to keep close track on every penny of income and each expense. Our staff work diligently to make sure that every rental property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: Rent Manager.
We usually 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 expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the landlord.
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 reports into a year-end statement. In January we mail the real estate 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.
Marquis_At_Vienna_Statn Property Management Resources
Basics
Basic information regarding management services in Marquis_At_Vienna_Statn.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Marquis_At_Vienna_Statn fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with property management services in Marquis_At_Vienna_Statn
Vetting
How Nesbitt Realty vets renters 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 know more about the community?
Our Guide to Real Estate is a handy resource for anyone who hopes to review important real estate information about Marquis_At_Vienna_Statn and surrounding areas. The Guide to Real Estate compiles data about what has sold and what is for sale, as well as a couple of surprising facts that you may not be aware of. Furthermore, our Guide spotlights many of the benefits of living in Marquis_At_Vienna_Statn. Definitely, all of this is useful for purchasers and sellers, but rental investors and tenants will likely also find the facts to be very useful.