We are extra conscientious regarding accounting details.
As rental property managers it is our solemn charge to reconcile every penny of income and each expense. Our staff work diligently to ensure that every landlord has the documentation to know exactly where is money is going to and coming from. To accomplish this task we use 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 shows the rental income as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. And, 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 property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Northern Virginia Property Management Resources
Find A Tenant
Market your property to rent to find a dependable renter in Northern Virginia fast.
Cost
A breakdown of fees associated with property management services in Northern Virginia
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 area?
Our Guide to Real Estate is a handy resource for anyone who hopes to investigate real estate facts about Northern Virginia and surrounding areas. The Guide to Real Estate has information regarding what has sold and what is on the market, as well as many interesting facts that you may not know. In addition, our Guide has many of the assets of residing in Northern Virginia. Of course, most of this is helpful for buyers and sellers, but real estate investors and renters might also find this data to be very edifying.