We are extremely serious about accounting details.
As rental property managers it is our solemn charge to keep close track on every penny of rent and each expense. All of us work relentlessly to make sure that every rental property owner has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we work with 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 shows the rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the rental investor.
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 statements into a year-end report. In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Fairfax_Station Property Management Resources
Basics
Fundamental info about what rental managment in Fairfax_Station.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Fairfax_Station fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with property management services in Fairfax_Station
Vetting
How Nesbitt Realty vets renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 community?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who wants to investigate real estate facts about Fairfax_Station and surrounding communities. The Guide to Real Estate has facts about what has sold and what is currently listed, and some interesting facts that you might not be aware of. Not to mention, our Guide highlights quite a few of the assets of living in Fairfax_Station. Yes, all of this is helpful for buyers and sellers, but rental investors and renters will also find these resources to be quite edifying.