We are extremely serious about accounting details.
As rental property managers it is our duty to keep close track on every penny of income and each expense. Our team work diligently to ensure that every rental property owner has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we work with 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. 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 bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the landlord.
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. Annually, we compile the monthly statements 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. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Shirlington Rental Management Resources
Basics
Elementary info regarding property management in Shirlington.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Shirlington fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management services in 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 rental 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 this area?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to learn more about Shirlington and nearby areas. The Guide to Real Estate has information about what has sold and what is for sale, as well as a few shocking facts that you might not know. Furthermore, our Guide highlights some assets of residing in Shirlington. Of course, all of this is useful for purchasers and sellers, but real estate investors and renters will likely also find this data to be somewhat eye-opening.