We are extra meticulous with financial matters.
As property managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work diligently to make sure that every property owner has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools 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 landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Lake_Anne_of_Reston Property Management Resources
Basics
Elementary information regarding rental managment in Lake_Anne_of_Reston.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable tenant in Lake_Anne_of_Reston fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of property management services in Lake_Anne_of_Reston
Vetting
How Nesbitt Realty vets tenants 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.
Do you want know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to review important real estate information about Lake_Anne_of_Reston and neighboring communities. The Guide to Real Estate provides facts regarding what has sold and what is currently listed, as well as a couple of surprising facts that you may not know. Not to mention, our Guide spotlights many of the aspects of living in Lake_Anne_of_Reston. Of course, all of this is interesting for buyers and sellers, but property owners and tenants might also find this information to be somewhat enlightening.