We are extra attentive with money matters.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work hard to ensure that every real estate investor has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this task we employ 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. 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 which we have paid on the rental property owner's behalf. The monthly statement is also available online. The 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 pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement. In January we mail the rental investors, 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.
Fairfax Station Inventory Property Management Resources
Basics
Basic information about what management services in Fairfax Station Inventory.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in Fairfax Station Inventory fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management in Fairfax Station Inventory
Vetting
How Nesbitt Realty checks the backgrounds of renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 this area?
Our Guide to Real Estate is a handy tool for everyone who needs to find out more about Fairfax Station Inventory and nearby areas. The Guide to Real Estate compiles data about what has sold and what is on the market, as well as many shocking facts that you might not know. Not to mention, our Guide has some elements of life in Fairfax Station Inventory. As might be expected, all of this is interesting for buyers and sellers, but real estate investors and tenants will also find these resources to be very informative.