We are extremely precise about financial details.
As property managers it is our duty to account for every penny of rent and each expense. Our team work hard to make sure that each property owner has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.
We always try 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 shows the rent received as well as any expenses which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what monies 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. Annually, we organize the monthly statements into a year-end statement. In January we send to the 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.
Mason Neck Property Management Resources
Basics
Basic information regarding management services in Mason Neck.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Mason Neck fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of prices of property management services in Mason Neck
Vetting
How Nesbitt Realty vets renters for landlords.
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 know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to review important real estate information about Mason Neck and neighboring areas. The Guide to Real Estate compiles information regarding what has sold and what is for sale, and a few shocking facts that you might not know. Also, our Guide features quite a few of the assets of life in Mason Neck. Certainly, most of this is helpful for buyers and sellers, but owners and renters will likely also find these resources to be very enlightening.