We are very meticulous with accounting issues.
As rental managers it is our solemn charge to reconcile every penny of income and each expense. Our team work diligently to make sure that every rental investor has the tools and paperwork 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 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 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. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Clarendon_Fairlington_Meadows Rental Management Resources
Basics
Elementary information regarding property management in Clarendon_Fairlington_Meadows.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable tenant in Clarendon_Fairlington_Meadows fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management in Clarendon_Fairlington_Meadows
Vetting
How Nesbitt Realty vets tenants for property owners.
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 the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to review important real estate information about Clarendon_Fairlington_Meadows and neighboring communities. The Guide to Real Estate provides data about what has sold and what is for sale, and a few surprising facts that you may not know. Also, our Guide spotlights many of the fundamentals of living in Clarendon_Fairlington_Meadows. Certainly, all of this is helpful for purchasers and sellers, but owners and tenants may also find these tools to be somewhat eye-opening.