We are especially conscientious regarding money matters.
As property managers it is our duty to keep close track on every penny of rent and each expense. All of us work relentlessly to ensure that each rental investor has the documentation to know exactly where is money is going to and coming from. To accomplish this task 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. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will show what reserves we are holding on behalf of the rental investor.
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 real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Arlington County Rental Management Resources
Basics
Elementary info regarding property management in Arlington County.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Arlington County fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with property management services in Arlington County
Vetting
How Nesbitt Realty checks the backgrounds of renters 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.
Do you need understand more about the local real estate market?
Our Guide to Real Estate is a free resource for anyone who hopes to find out more about Arlington County and surrounding communities. The Guide to Real Estate compiles facts regarding what has sold and what is on the market, as well as many shocking facts that you may not know. In addition, our Guide has quite a few of the elements of living in Arlington County. Certainly, all of this is useful for purchasers and sellers, but property owners and renters might also find these tools to be quite informative.