We are extremely careful with financial matters.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our team work hard to make sure that every rental property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: Rent Manager.
We strive 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 rent received as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the property owner.
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 reports into a year-end statement. In January we send to 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 give the 1099 to your tax preparer.
Fairfax_center_landbay Property Management Resources
Basics
Elementary info regarding property management in Fairfax_center_landbay.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Fairfax_center_landbay fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with property management services in Fairfax_center_landbay
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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 this local real estate market?
Our Guide to Real Estate is a handy tool for everyone who needs to investigate real estate facts about Fairfax_center_landbay and nearby areas. The Guide to Real Estate includes data about what has sold and what is for sale, as well as some surprising facts that you might not know. Also, our Guide has quite a few of the aspects of living in Fairfax_center_landbay. Of course, most of this is interesting for purchasers and sellers, but landlords and renters may also find this information to be somewhat sobering.