We are extra serious about accounting issues.
As rental managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work hard to make sure that every landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: 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 landlord's behalf. The monthly statement is also available online. The statement 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. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we send to the 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.
Shenandoah Lake Frederick Property Management Resources
Basics
Fundamental information regarding property management in Shenandoah Lake Frederick.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in Shenandoah Lake Frederick fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with rental management in Shenandoah Lake Frederick
Vetting
How Nesbitt Realty vets tenants 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.
Should you know more about the local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who needs to learn more about Shenandoah Lake Frederick and surrounding communities. The Guide to Real Estate has information about what has sold and what is on the market, and a couple of interesting facts that you might not be aware of. In addition, our Guide features some benefits of living in Shenandoah Lake Frederick. Of course, all of this is helpful for buyers and sellers, but property owners and renters may also find this data to be somewhat eye-opening.