We are especially attentive with financial matters.
As property managers it is our solemn charge to reconcile every penny of income and each expense. Our team work hard to make sure that every rental property owner has the opportunity to understand exactly where is income 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. 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 which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Also, 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 report. 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.
Lorton_town_cntr_landbay Property Management Resources
Basics
Basic info about what rental managment 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 dependable renter in Lorton_town_cntr_landbay fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of fees associated with property management services in Lorton_town_cntr_landbay
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.
Do you want understand more about our community?
Our Guide to Real Estate is a handy tool for everyone who wants to find out more about Lorton_town_cntr_landbay and nearby areas. The Guide to Real Estate provides data about what has sold and what is for sale, and a couple of compelling facts that you might not be aware of. In addition, our Guide has many of the assets of living in Lorton_town_cntr_landbay. Certainly, all of this is useful for purchasers and sellers, but landlords and tenants will also find these tools to be somewhat edifying.