We are very careful with financial issues.
As property managers it is our duty to keep close track on every penny of rent and each expense. Our staff work diligently to ensure that every real estate investor has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools 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 electronically. The statement will describe what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, 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 statements into a year-end report. In January we send to the rental property owners, 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.
George_mason_terrace Rental Management Resources
Basics
Fundamental info about what management services in George_mason_terrace.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in George_mason_terrace fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management in George_mason_terrace
Vetting
How Nesbitt Realty vets renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 local real estate market?
Our Guide to Real Estate is a handy resource for everyone who hopes to investigate real estate facts about George_mason_terrace and surrounding communities. The Guide to Real Estate provides facts regarding what has sold and what is for sale, as well as some surprising facts that you may not know. Not to mention, our Guide spotlights quite a few of the benefits of residing in George_mason_terrace. Of course, all of this is interesting for purchasers and sellers, but real estate investors and tenants may also find the facts to be somewhat informative.