We are very meticulous with money issues.
As rental managers it is our duty to account for every penny of rent and each expense. Our staff work relentlessly to make sure that every rental property owner has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
We always try 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 bills which we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we send to the landlords, 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.
Potomac_club_condo Property Management Resources
Basics
Elementary information about what rental managment in Potomac_club_condo.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Potomac_club_condo fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management in Potomac_club_condo
Vetting
How Nesbitt Realty vets renters for property owners.
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 know more about our community?
Our Guide to Real Estate is a handy tool for everyone who needs to find out more about Potomac_club_condo and surrounding areas. The Guide to Real Estate compiles information regarding what has sold and what is currently listed, as well as a couple of interesting facts that you may not be aware of. In addition, our Guide highlights many of the fundamentals of residing in Potomac_club_condo. Of course, most of this is interesting for buyers and sellers, but property owners and tenants will probably also find this data to be somewhat enlightening.