We are extremely meticulous with money details.
As property managers it is our solemn charge to account for every cent of rent and each expense. All of us work diligently to ensure that every real estate investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools in the management business: Rent Manager.
It is our practice 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 which we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on 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 report. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Lord Fairfax Mdltwn Glen Property Management Resources
Basics
Elementary information about what property management in Lord Fairfax Mdltwn Glen.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Lord Fairfax Mdltwn Glen fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in Lord Fairfax Mdltwn Glen
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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.
Should you know more about our community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to learn more about Lord Fairfax Mdltwn Glen and surrounding communities. The Guide to Real Estate provides information regarding what has sold and what is currently listed, and a few compelling facts that you might not know. Not to mention, our Guide features some aspects of life in Lord Fairfax Mdltwn Glen. Certainly, most of this is interesting for buyers and sellers, but owners and renters may also find this information to be somewhat informative.