We are very precise about fiduciary matters.
As property managers it is our duty to keep close track on every penny of income and each expense. Our staff work diligently to make sure that each landlord has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 rental income as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, 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 statement. In January we mail the rental investors, 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.
Fairfax_Acres Property Management Resources
Basics
Fundamental information regarding property management in Fairfax_Acres.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Fairfax_Acres fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of rental management in Fairfax_Acres
Vetting
How Nesbitt Realty checks the backgrounds of renters 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.
Should you understand more about the area?
Our Guide to Real Estate is a free resource for everyone who wants to learn more about Fairfax_Acres and neighboring communities. The Guide to Real Estate provides data about what has sold and what is currently listed, as well as a few compelling facts that you may not be aware of. Not to mention, our Guide features some aspects of living in Fairfax_Acres. Definitely, all of this is interesting for purchasers and sellers, but real estate investors and tenants will also find these tools to be somewhat useful.