We are especially attentive with money issues.
As rental managers it is our solemn charge to reconcile every penny of income and each expense. Our staff work diligently to make sure that every property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 online. The monthly report will show what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. 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 give the 1099 to your tax preparer.
Alexandria Rental Management Resources
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?
Our Guide to Real Estate is a helpful resource for everyone who wants to review important real estate information about Alexandria and surrounding communities. The Guide to Real Estate includes facts about what has sold and what is on the market, as well as a couple of compelling facts that you may not know. Not to mention, our Guide spotlights some benefits of residing in Alexandria. Certainly, all of this is interesting for purchasers and sellers, but real estate investors and tenants may also find these tools to be somewhat informative.