We are very precise about financial issues.
As property managers it is our duty to account for every penny of rent and each expense. Our staff work hard to make sure that each rental property owner has the tools and paperwork to know exactly where is money 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. 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 bills that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up 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 mail the 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.
Fairfax Homes Sale Rental Management Resources
Basics
Elementary info about what rental managment in Fairfax Homes Sale.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a dependable tenant in Fairfax Homes Sale fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of fees associated with rental management services in Fairfax Homes Sale
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
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 want know more about the community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who needs to find out more about Fairfax Homes Sale and neighboring communities. The Guide to Real Estate compiles data about what has sold and what is currently listed, and some surprising facts that you may not be aware of. Also, our Guide features quite a few of the fundamentals of life in Fairfax Homes Sale. Naturally, most of this is interesting for buyers and sellers, but real estate investors and tenants should also find these tools to be quite useful.