We are extremely serious about accounting details.
As rental property managers it is our solemn charge to account for every cent of income and each expense. Our staff work hard to ensure that each 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 our profession: Rent Manager.
We always try to 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 bills that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will describe what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. In January we mail the landlords, 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.
Chain_Bridge_Forest Property Management Resources
Basics
Basic information about what management services in Chain_Bridge_Forest.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable renter in Chain_Bridge_Forest fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Chain_Bridge_Forest
Vetting
How Nesbitt Realty vets tenants for landlords.
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 this community?
Our Guide to Real Estate is a handy resource for anyone who hopes to learn more about Chain_Bridge_Forest and neighboring areas. The Guide to Real Estate includes information regarding what has sold and what is currently listed, and a few shocking facts that you might not be aware of. Furthermore, our Guide has some assets of life in Chain_Bridge_Forest. Of course, all of this is helpful for buyers and sellers, but real estate investors and tenants will also find this data to be somewhat eye-opening.