We are especially conscientious regarding accounting matters.
As rental property managers it is our solemn charge to reconcile every cent of rent and each expense. All of us work hard to make sure that each rental property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: 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 bills which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The 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. 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 statements into a year-end statement. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Fairfax_Center_Landbay Property Management Resources
Basics
Fundamental information regarding property management in Fairfax_Center_Landbay.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in Fairfax_Center_Landbay fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with property management services in Fairfax_Center_Landbay
Vetting
How Nesbitt Realty vets renters 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.
Should you know more about this area?
Our Guide to Real Estate is a handy tool for anyone who hopes to find out more about Fairfax_Center_Landbay and nearby areas. The Guide to Real Estate has information about what has sold and what is for sale, as well as some compelling facts that you may not be aware of. Also, our Guide has some elements of life in Fairfax_Center_Landbay. Naturally, most of this is helpful for purchasers and sellers, but owners and renters may also find the facts to be somewhat enlightening.