We are especially attentive with money matters.
As property managers it is our duty to reconcile every penny of income and each expense. Our team work relentlessly to ensure that every landlord has the documentation to see 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.
We always try 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 states the rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. In January we mail the property owners, 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.
Fairfax Park Rental Management Resources
Basics
Fundamental info about what property management in Fairfax Park.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in Fairfax Park fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of rental management in Fairfax Park
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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 the community?
Our Guide to Real Estate is a helpful tool for anyone who hopes to investigate real estate facts about Fairfax Park and neighboring communities. The Guide to Real Estate includes information about what has sold and what is for sale, as well as some interesting facts that you may not know. In addition, our Guide highlights many of the assets of residing in Fairfax Park. Definitely, all of this is interesting for purchasers and sellers, but owners and renters will likely also find this data to be very edifying.