We are extremely meticulous with accounting issues.
As rental managers it is our duty to keep close track on every penny of income and each expense. Our staff work relentlessly to ensure that every property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.
We strive 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 bills that we have paid on the property owner's behalf. The monthly statement is also available online. The statement will describe 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 organize the monthly reports into a year-end statement. In January we mail the landlords, 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 Homes Sale Rental Management Resources
Basics
Basic info about what management services in Mason Neck Homes Sale.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Mason Neck Homes Sale fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management in Mason Neck Homes Sale
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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 understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who wants to review important real estate information about Mason Neck Homes Sale and surrounding areas. The Guide to Real Estate includes facts regarding what has sold and what is on the market, and a couple of compelling facts that you may not be aware of. Furthermore, our Guide highlights some elements of living in Mason Neck Homes Sale. Definitely, all of this is interesting for purchasers and sellers, but real estate investors and tenants will also find the facts to be quite useful.