We are extra conscientious regarding fiduciary details.
As rental property managers it is our duty to account for every penny of income and each expense. Our team work diligently to ensure that each real estate investor has the documentation to see 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 usually 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 which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Furthermore, 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 send to the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Fairfax_center_landbay Rental Management Resources
Basics
Elementary info regarding property management in Fairfax_center_landbay.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a great renter in Fairfax_center_landbay 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_center_landbay
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
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?
Nesbitt Realty's Guide to Real Estate is a free tool for anyone who hopes to investigate real estate facts about Fairfax_center_landbay and nearby communities. The Guide to Real Estate provides data about what has sold and what is for sale, and many compelling facts that you might not be aware of. Also, our Guide features quite a few of the fundamentals of life in Fairfax_center_landbay. Yes, all of this is helpful for purchasers and sellers, but owners and renters may also find these resources to be somewhat useful.