We are especially precise about accounting issues.
As property managers it is our duty to reconcile every penny of income and each expense. Our team work relentlessly to make sure that each rental property owner has the tools and paperwork 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 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 states the rent received as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will show what reserves we are holding on behalf of the property owner.
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 statements into a year-end report. In January we send to the 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.
The Crest Of Alexandria Property Management Resources
Basics
Basic information regarding rental managment in The Crest Of Alexandria.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in The Crest Of Alexandria fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of property management services in The Crest Of Alexandria
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.
Should you understand more about our community?
Our Guide to Real Estate is a helpful resource for anyone who hopes to review important real estate information about The Crest Of Alexandria and neighboring communities. The Guide to Real Estate provides information about what has sold and what is on the market, as well as a few surprising facts that you might not be aware of. Not to mention, our Guide highlights some assets of living in The Crest Of Alexandria. Of course, all of this is helpful for purchasers and sellers, but property owners and tenants may also find the facts to be quite useful.