We are especially conscientious regarding accounting details.
As rental managers it is our duty to reconcile every penny of rent and each expense. Our team work diligently to ensure that every landlord has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We usually 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 which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. And, 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 reports 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 property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Fairlington Towne Rental Management Resources
Basics
Basic info regarding rental managment in Fairlington Towne.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable renter in Fairlington Towne fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of rental management in Fairlington Towne
Vetting
How Nesbitt Realty vets tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 need understand more about our community?
Our Guide to Real Estate is a free resource for anyone who needs to review important real estate information about Fairlington Towne and surrounding communities. The Guide to Real Estate has information about what has sold and what is on the market, and some interesting facts that you may not know. And, our Guide highlights many of the aspects of residing in Fairlington Towne. Yes, all of this is helpful for buyers and sellers, but owners and renters will also find this data to be somewhat useful.