We are very precise about financial matters.
As rental managers it is our solemn charge to account for every penny of income and each expense. All of us work hard to ensure that each landlord has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in the management business: 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 rent received as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. And, 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 statement. In January we send to 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.
The_Ridings_At_Virgn_Run Property Management Resources
Basics
Elementary information regarding property management in The_Ridings_At_Virgn_Run.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great tenant in The_Ridings_At_Virgn_Run fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of property management services in The_Ridings_At_Virgn_Run
Vetting
How Nesbitt Realty vets renters for our clients.
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 want understand more about the community?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to review important real estate information about The_Ridings_At_Virgn_Run and nearby areas. The Guide to Real Estate includes data about what has sold and what is currently listed, and many surprising facts that you may not be aware of. Furthermore, our Guide highlights many of the fundamentals of living in The_Ridings_At_Virgn_Run. Definitely, most of this is useful for buyers and sellers, but rental investors and tenants will also find the facts to be very eye-opening.