We are very conscientious regarding accounting details.
As property managers it is our duty to account for every penny of income and each expense. Our team work relentlessly to ensure that each landlord has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we work with 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rental income as well as any expenses which we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report will show what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement. In January we send to the rental property owners, 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.
The Oakton Property Management Resources
Basics
Elementary info about what management services in The Oakton.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in The Oakton fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in The Oakton
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 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 understand more about our community?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who needs to review important real estate information about The Oakton and nearby communities. The Guide to Real Estate provides facts about what has sold and what is currently listed, and a few interesting facts that you may not know. In addition, our Guide features some elements of residing in The Oakton. Of course, all of this is useful for purchasers and sellers, but property owners and renters might also find this data to be somewhat eye-opening.