We are especially attentive with accounting details.
As property managers it is our duty to account for every penny of rent and each expense. Our team work relentlessly to make sure that every real estate investor has the documentation to see exactly where is money is going to and coming from. To accomplish this duty 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. Funds 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 landlord's behalf. The monthly statement is also available electronically. The statement will show what reserves 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 organize the monthly statements into a year-end statement. In January we mail the rental investors, 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.
Old_Town_Alexamdria Rental Management Resources
Basics
Elementary information about what property management in Old_Town_Alexamdria.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Old_Town_Alexamdria fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with property management services in Old_Town_Alexamdria
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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 the local real estate market?
Our Guide to Real Estate is a free resource for anyone who wants to learn more about Old_Town_Alexamdria and neighboring areas. The Guide to Real Estate provides data regarding what has sold and what is on the market, as well as a few surprising facts that you may not be aware of. In addition, our Guide features some elements of residing in Old_Town_Alexamdria. Naturally, most of this is useful for purchasers and sellers, but owners and tenants will likely also find these resources to be very informative.