We are very precise about money details.
As rental managers it is our solemn charge to account for every penny of income and each expense. Our team work diligently to ensure that every landlord has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.
We always try to process and deposit rents on the same day they are received. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rental income as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up 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 report. In January we send to the rental property owners, 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.
Bel Air Rental Management Resources
Basics
Elementary information regarding rental managment in Bel Air.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Bel Air fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management in Bel Air
Vetting
How Nesbitt Realty vets renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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.
Should you understand more about our area?
Our Guide to Real Estate is a helpful resource for anyone who needs to learn more about Bel Air and neighboring areas. The Guide to Real Estate includes data about what has sold and what is currently listed, as well as some interesting facts that you may not be aware of. Also, our Guide spotlights quite a few of the assets of residing in Bel Air. Certainly, most of this is useful for buyers and sellers, but landlords and tenants might also find these resources to be quite eye-opening.