We are especially attentive with financial details.
As rental managers it is our duty to account for every penny of income and each expense. Our staff work diligently to ensure that each rental property owner has the documentation to know exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools 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 rent received 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 show what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on 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 real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Lorton_Town_Cntr_Landbay Property Management Resources
Basics
Fundamental information regarding property management in Lorton_Town_Cntr_Landbay.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great renter in Lorton_Town_Cntr_Landbay fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management services in Lorton_Town_Cntr_Landbay
Vetting
How Nesbitt Realty vets tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 know more about the area?
Our Guide to Real Estate is a helpful tool for everyone who wants to learn more about Lorton_Town_Cntr_Landbay and surrounding areas. The Guide to Real Estate has information about what has sold and what is currently listed, as well as a few interesting facts that you might not know. And, our Guide highlights some benefits of living in Lorton_Town_Cntr_Landbay. Yes, all of this is interesting for purchasers and sellers, but rental investors and renters will probably also find these tools to be quite enlightening.