We are very meticulous with fiduciary details.
As rental property managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work hard to make sure that each landlord has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we employ 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. Rents 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 that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Meadows_of_chantilly Property Management Resources
Basics
Basic info about what management services in Meadows_of_chantilly.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable renter in Meadows_of_chantilly fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with rental management in Meadows_of_chantilly
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
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.
Should you know more about our area?
Our Guide to Real Estate is a free resource for everyone who needs to learn more about Meadows_of_chantilly and surrounding areas. The Guide to Real Estate provides data about what has sold and what is for sale, as well as many shocking facts that you might not be aware of. And, our Guide highlights quite a few of the elements of residing in Meadows_of_chantilly. As might be expected, most of this is helpful for purchasers and sellers, but owners and renters will likely also find these tools to be somewhat edifying.