We are especially meticulous with financial matters.
As rental property managers it is our solemn charge to account for every penny of rent and each expense. All of us work relentlessly to make sure that every rental investor has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we employ 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rental income as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will describe what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on 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 report. In January we send to the rental property owners, 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.
South Arlington Property Management Resources
Basics
Basic information about what management services in South Arlington.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in South Arlington fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management in South Arlington
Vetting
How Nesbitt Realty vets renters for property owners.
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 our community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who wants to find out more about South Arlington and nearby areas. The Guide to Real Estate provides data regarding what has sold and what is on the market, as well as a few interesting facts that you might not be aware of. Furthermore, our Guide features some benefits of life in South Arlington. Of course, all of this is interesting for buyers and sellers, but landlords and renters should also find the facts to be quite eye-opening.