We are especially meticulous with fiduciary matters.
As rental property managers it is our duty to account for every penny of rent and each expense. Our staff work relentlessly to make sure that every rental property owner has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: 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 rent received as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will show what funds 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. At the end of the year, we compile the monthly statements into a year-end report. In January we mail the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Midtown_Alexandria_Sta Rental Management Resources
Basics
Basic info regarding property management in Midtown_Alexandria_Sta.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great renter in Midtown_Alexandria_Sta fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Midtown_Alexandria_Sta
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 need understand more about the community?
Our Guide to Real Estate is a helpful tool for everyone who needs to learn more about Midtown_Alexandria_Sta and nearby areas. The Guide to Real Estate compiles information regarding what has sold and what is on the market, and a few shocking facts that you might not know. Furthermore, our Guide highlights many of the fundamentals of residing in Midtown_Alexandria_Sta. Naturally, all of this is helpful for buyers and sellers, but landlords and tenants should also find these resources to be somewhat sobering.