We are extra careful with fiduciary matters.
As property managers it is our solemn charge to keep close track on every penny of income and each expense. All of us work relentlessly to make sure that every 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 programs in our profession: Rent Manager.
We strive 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 shows the rental income as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The 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. 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 reports into a year-end statement. In January we mail the landlords, 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.
George_Mason_Terrace Property Management Resources
Basics
Elementary info regarding management services in George_Mason_Terrace.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in George_Mason_Terrace fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management services in George_Mason_Terrace
Vetting
How Nesbitt Realty vets tenants for our clients.
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.
Should you understand more about this area?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to investigate real estate facts about George_Mason_Terrace and surrounding areas. The Guide to Real Estate includes facts about what has sold and what is on the market, as well as many shocking facts that you may not be aware of. Not to mention, our Guide spotlights some assets of life in George_Mason_Terrace. Certainly, most of this is interesting for purchasers and sellers, but real estate investors and tenants may also find these resources to be somewhat edifying.