We are especially conscientious regarding financial details.
As rental managers it is our duty to keep close track on every penny of rent and each expense. Our staff work relentlessly to make sure that every rental property owner has the documentation to know exactly where is income is going to and coming from. To accomplish this task we use 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rental income as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what funds we are holding on behalf of the property owner.
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 organize the monthly statements into a year-end statement. In January we mail the rental property owners, 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 regarding management services in Meadows_of_Chantilly.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List 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
A breakdown of fees associated with property management services in Meadows_of_Chantilly
Vetting
How Nesbitt Realty vets tenants for landlords.
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.
Should you understand more about this area?
Our Guide to Real Estate is a helpful resource for everyone who needs to find out more about Meadows_of_Chantilly and nearby communities. The Guide to Real Estate provides facts regarding what has sold and what is on the market, and a couple of compelling facts that you may not know. In addition, our Guide has many of the aspects of residing in Meadows_of_Chantilly. As a matter of course, all of this is interesting for purchasers and sellers, but owners and renters will probably also find this data to be quite sobering.