We are especially serious about financial issues.
As rental managers it is our solemn charge to keep close track on every cent of rent and each expense. All of us work relentlessly to make sure that each landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in our profession: Rent Manager.
It is our practice 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 rental income as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the real estate investor.
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. Annually, we organize the monthly reports into a year-end report. In January we send to 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 give the 1099 to your tax preparer.
Colonial Heights Property Management Resources
Basics
Basic info about what rental managment in Colonial Heights.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Colonial Heights fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management in Colonial Heights
Vetting
How Nesbitt Realty vets renters for landlords.
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 want know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who wants to find out more about Colonial Heights and neighboring communities. The Guide to Real Estate provides information regarding what has sold and what is for sale, as well as some compelling facts that you may not know. In addition, our Guide highlights quite a few of the aspects of living in Colonial Heights. As a matter of course, all of this is interesting for purchasers and sellers, but landlords and renters might also find this data to be somewhat eye-opening.