We are especially serious about financial issues.
As rental managers it is our duty to reconcile every cent of rent and each expense. Our team work hard to make sure that every property owner has the documentation to see exactly where is income 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 expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Not to mention, 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 statements into a year-end report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
The_Williamsburg Property Management Resources
Basics
Basic info about what rental managment in The_Williamsburg.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in The_Williamsburg fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management in The_Williamsburg
Vetting
How Nesbitt Realty checks the backgrounds of 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 know more about this local real estate market?
Our Guide to Real Estate is a free tool for everyone who wants to learn more about The_Williamsburg and surrounding areas. The Guide to Real Estate provides information about what has sold and what is for sale, as well as many surprising facts that you may not be aware of. Furthermore, our Guide has quite a few of the fundamentals of life in The_Williamsburg. As a matter of course, most of this is useful for buyers and sellers, but property owners and renters will probably also find this information to be somewhat informative.