We are especially attentive with money matters.
As rental managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work diligently to make sure that each rental investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: 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 shows the rental income as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, 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 reports into a year-end report. In January we send to 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.
Old_Dominion_At_Glebe_Park Rental Management Resources
Basics
Basic info regarding management services in Old_Dominion_At_Glebe_Park.
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 Old_Dominion_At_Glebe_Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in Old_Dominion_At_Glebe_Park
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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 want know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who needs to learn more about Old_Dominion_At_Glebe_Park and neighboring communities. The Guide to Real Estate has facts regarding what has sold and what is currently listed, and many surprising facts that you may not know. Also, our Guide features many of the benefits of life in Old_Dominion_At_Glebe_Park. Of course, most of this is useful for purchasers and sellers, but property owners and renters will also find this data to be somewhat eye-opening.