We are especially attentive with financial details.
As property managers it is our duty to keep close track on every penny of rent and each expense. Our team work hard to ensure that each real estate investor has the documentation to see 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. 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 online. The statement will show what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. 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 hand the 1099 to your tax preparer.
Alexandria Crossing Rental Management Resources
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 the community?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to learn more about Alexandria Crossing and surrounding communities. The Guide to Real Estate provides data about what has sold and what is on the market, as well as a couple of shocking facts that you may not know. In addition, our Guide spotlights some aspects of living in Alexandria Crossing. As might be expected, most of this is interesting for purchasers and sellers, but owners and renters may also find the facts to be somewhat enlightening.