We are very serious about money issues.
As rental property managers it is our duty to keep close track on every cent of rent and each expense. All of us work relentlessly to make sure that each property owner has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we employ 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rent received as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Not to mention, 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 statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Broad Run Property Management Resources
Basics
Elementary information about what rental managment in Broad Run.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Broad Run fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management services in Broad Run
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 want understand more about this community?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who hopes to review important real estate information about Broad Run and neighboring communities. The Guide to Real Estate compiles information regarding what has sold and what is on the market, as well as many shocking facts that you might not be aware of. Also, our Guide spotlights some assets of residing in Broad Run. Of course, all of this is useful for purchasers and sellers, but real estate investors and tenants will probably also find these resources to be somewhat enlightening.