We are extremely precise about money details.
As rental managers it is our solemn charge to keep close track on every cent of income and each expense. Our team work diligently to ensure that each real estate investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in the management business: Rent Manager.
We strive 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 expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end statement. In January we send to the 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.
Lake Frederick Rental Management Resources
Basics
Basic info regarding rental managment in Lake Frederick.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Lake Frederick fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Lake Frederick
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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 want understand more about this local real estate market?
Our Guide to Real Estate is a free resource for everyone who needs to investigate real estate facts about Lake Frederick and surrounding communities. The Guide to Real Estate compiles data about what has sold and what is for sale, and a couple of surprising facts that you may not be aware of. Also, our Guide spotlights many of the assets of life in Lake Frederick. Of course, all of this is helpful for purchasers and sellers, but real estate investors and renters will probably also find the facts to be quite useful.