We are extremely attentive with money matters.
As rental managers it is our duty to reconcile every penny of income and each expense. Our team work relentlessly to make sure that each landlord has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we work with 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 bills that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, 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 report. 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.
Lorton Valley Property Management Resources
Basics
Basic information about what property management in Lorton Valley.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Lorton Valley 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 Lorton Valley
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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.
Should you understand more about this community?
Our Guide to Real Estate is a helpful resource for everyone who hopes to review important real estate information about Lorton Valley and surrounding communities. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, as well as a few compelling facts that you might not know. And, our Guide has some aspects of residing in Lorton Valley. Of course, all of this is useful for buyers and sellers, but landlords and tenants should also find this information to be very enlightening.