We are especially careful with accounting matters.
As rental managers it is our solemn charge to account for every cent of rent and each expense. All of us work diligently to ensure that every rental property owner has the opportunity to see 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. 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 bills 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 rental 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. Annually, we compile the monthly reports into a year-end report. In January we mail 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.
City_of_Alexandria Rental Management Resources
Basics
Elementary info regarding management services in City_of_Alexandria.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable renter in City_of_Alexandria fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management in City_of_Alexandria
Vetting
How Nesbitt Realty vets tenants for our clients.
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.
Do you want know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to investigate real estate facts about City_of_Alexandria and neighboring areas. The Guide to Real Estate has information regarding what has sold and what is for sale, and a few surprising facts that you may not be aware of. In addition, our Guide highlights quite a few of the fundamentals of life in City_of_Alexandria. As a matter of course, most of this is helpful for buyers and sellers, but real estate investors and tenants might also find the facts to be quite edifying.