We are especially careful with accounting matters.
As rental property managers it is our solemn charge to account for every cent of income and each expense. Our team work hard to make sure that each landlord has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful programs in the management business: Rent Manager.
We usually 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 rental income as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the rental 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 statements into a year-end statement. In January we send to the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Virginia_Chase Property Management Resources
Basics
Fundamental information about what rental managment in Virginia_Chase.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Virginia_Chase fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management in Virginia_Chase
Vetting
How Nesbitt Realty checks the backgrounds of 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 need understand more about the community?
Our Guide to Real Estate is a free tool for everyone who hopes to review important real estate information about Virginia_Chase and surrounding communities. The Guide to Real Estate compiles information about what has sold and what is for sale, as well as a few interesting facts that you might not be aware of. Not to mention, our Guide features some fundamentals of living in Virginia_Chase. Certainly, all of this is helpful for purchasers and sellers, but property owners and renters will also find this information to be very informative.