We are extremely attentive with financial details.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. Our team work diligently to ensure that every rental property owner has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools 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 that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will show what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up 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 landlords, 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.
Potomac Yard Rental Management Resources
-
Basics
Fundamental info regarding property management in Potomac Yard.
-
Getting Started
Learn more about getting started with rental property management
-
Find A Tenant
Market your property to rent to find a reliable renter in Potomac Yard fast.
-
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
-
Cost
An overview of prices of rental management in Potomac Yard
-
Vetting
How Nesbitt Realty vets renters 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 this community?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to find out more about Potomac Yard and surrounding communities. The Guide to Real Estate compiles facts about what has sold and what is currently listed, as well as some surprising facts that you might not know. And, our Guide spotlights quite a few of the benefits of residing in Potomac Yard. As a matter of course, all of this is useful for buyers and sellers, but owners and renters might also find this data to be very enlightening.