We are especially careful with money issues.
As rental managers it is our solemn charge to reconcile every cent of rent and each expense. Our team work diligently to make sure that each rental property owner has the opportunity to see exactly where is income 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 rental income as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what reserves 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 pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Virginia Hills Property Management Resources
Basics
Fundamental info regarding property management in Virginia Hills.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Virginia Hills fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Virginia Hills
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 need understand more about the local real estate market?
Our Guide to Real Estate is a free resource for everyone who hopes to investigate real estate facts about Virginia Hills and nearby areas. The Guide to Real Estate has information about what has sold and what is currently listed, as well as some interesting facts that you may not know. In addition, our Guide highlights some elements of living in Virginia Hills. Of course, most of this is helpful for buyers and sellers, but rental investors and renters might also find this data to be very informative.