We are extra precise about financial issues.
As rental property managers it is our duty to keep close track on every cent of rent and each expense. All of us work relentlessly to ensure that every rental property owner has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in our profession: Rent Manager.
It is our practice 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 rent received as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will show what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end statement. 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 hand the 1099 to your tax preparer.
Alexandria Crossing Rental Management Resources
Basics
Elementary information regarding management services in Alexandria Crossing.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Alexandria Crossing fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of property management services in Alexandria Crossing
Vetting
How Nesbitt Realty vets tenants 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.
Do you want understand more about our area?
Our Guide to Real Estate is a free tool for everyone who hopes to investigate real estate facts about Alexandria Crossing and surrounding areas. The Guide to Real Estate includes facts about what has sold and what is for sale, as well as a couple of shocking facts that you might not know. In addition, our Guide features some fundamentals of living in Alexandria Crossing. Naturally, all of this is helpful for purchasers and sellers, but landlords and renters may also find these resources to be very edifying.