We are extremely precise about financial details.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work hard to ensure 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 use one of the most powerful programs in the management business: 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 landlord's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the real estate 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 organize the monthly statements into a year-end statement. In January we send to the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Virginia_square_condominium Property Management Resources
Basics
Elementary information about what property management in Virginia_square_condominium.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in Virginia_square_condominium 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_square_condominium
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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.
Do you want know more about the community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to learn more about Virginia_square_condominium and nearby communities. The Guide to Real Estate includes facts about what has sold and what is currently listed, and many compelling facts that you may not be aware of. Also, our Guide has many of the elements of living in Virginia_square_condominium. As might be expected, most of this is interesting for buyers and sellers, but landlords and renters will likely also find this data to be very useful.