We are extremely conscientious regarding money issues.
As rental property managers it is our duty to keep close track on every cent of income and each expense. Our staff work diligently to make sure that each rental investor has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 rent received as well as any bills which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, 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 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 give the 1099 to your tax preparer.
The_Townes_of_Shirlington Property Management Resources
Basics
Elementary information about what rental managment in The_Townes_of_Shirlington.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable tenant in The_Townes_of_Shirlington fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management services in The_Townes_of_Shirlington
Vetting
How Nesbitt Realty checks the backgrounds of renters 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.
Should you understand more about this area?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who wants to review important real estate information about The_Townes_of_Shirlington and nearby areas. The Guide to Real Estate includes information regarding what has sold and what is currently listed, and some surprising facts that you might not be aware of. Not to mention, our Guide features quite a few of the elements of life in The_Townes_of_Shirlington. Naturally, most of this is helpful for purchasers and sellers, but rental investors and tenants might also find these tools to be quite eye-opening.