We are extremely serious about fiduciary issues.
As rental managers it is our duty to account for every penny of rent and each expense. Our team work relentlessly to make sure that each rental property owner has the documentation to see exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in the management business: Rent Manager.
We usually process and deposit rents on the same day they are received. Rents 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 that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Also, 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 statement. In January we send to the 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.
Arlington_villas Property Management Resources
Basics
Basic information regarding rental managment in Arlington_villas.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Arlington_villas fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with property management services in Arlington_villas
Vetting
How Nesbitt Realty vets tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 know more about this community?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who wants to investigate real estate facts about Arlington_villas and nearby areas. The Guide to Real Estate has information regarding what has sold and what is currently listed, and some interesting facts that you might not be aware of. In addition, our Guide spotlights many of the aspects of living in Arlington_villas. Yes, most of this is useful for purchasers and sellers, but landlords and tenants will also find these tools to be quite enlightening.