We are very careful with fiduciary issues.
As property managers it is our solemn charge to keep close track on every penny of income and each expense. All of us work diligently to ensure that every rental property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools 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 states the rental income as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the landlord.
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 compile the monthly reports into a year-end report. In January we send to the property owners, 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.
Heritage_Hill_of_Alexandria Property Management Resources
Basics
Basic info about what rental managment in Heritage_Hill_of_Alexandria.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Heritage_Hill_of_Alexandria fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management in Heritage_Hill_of_Alexandria
Vetting
How Nesbitt Realty vets renters for property owners.
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 area?
Our Guide to Real Estate is a handy tool for anyone who wants to find out more about Heritage_Hill_of_Alexandria and neighboring areas. The Guide to Real Estate has information about what has sold and what is currently listed, and a couple of interesting facts that you may not be aware of. Also, our Guide highlights some assets of life in Heritage_Hill_of_Alexandria. Of course, most of this is useful for purchasers and sellers, but owners and renters will likely also find these tools to be quite useful.