We are especially attentive with accounting matters.
As property managers it is our solemn charge to reconcile every cent of income and each expense. Our team work diligently to make sure that every rental investor has the documentation to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.
We usually 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 which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will show what monies 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 organize the monthly reports into a year-end report. In January we mail the property owners, 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.
Pentagon City Property Management Resources
Basics
Basic information regarding property management in Pentagon City.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable renter in Pentagon City 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 Pentagon City
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.
Do you want understand more about the local real estate market?
Our Guide to Real Estate is a free resource for everyone who hopes to learn more about Pentagon City and neighboring areas. The Guide to Real Estate compiles data regarding what has sold and what is currently listed, as well as a couple of compelling facts that you may not be aware of. And, our Guide features quite a few of the aspects of life in Pentagon City. Yes, all of this is helpful for buyers and sellers, but landlords and tenants will probably also find this information to be very enlightening.