We are very serious about money matters.
As property managers it is our duty to account for every cent of income and each expense. Our staff work hard to ensure that each property owner has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in the management business: 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 rental income as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the real estate investor.
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 compile the monthly reports into a year-end report. In January we mail the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Foxhall Of Mclean Rental Management Resources
Basics
Basic information about what rental managment in Foxhall Of Mclean.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Foxhall Of Mclean fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management in Foxhall Of Mclean
Vetting
How Nesbitt Realty vets renters for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 know more about the community?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who wants to review important real estate information about Foxhall Of Mclean and neighboring communities. The Guide to Real Estate provides data about what has sold and what is currently listed, as well as many compelling facts that you may not know. Furthermore, our Guide features quite a few of the aspects of residing in Foxhall Of Mclean. Of course, all of this is helpful for buyers and sellers, but real estate investors and renters will also find these resources to be very enlightening.