We are especially conscientious regarding money issues.
As rental managers it is our duty to account for every cent of rent and each expense. Our staff work diligently to make sure that each rental investor has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 shows the rental income as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report. In January we mail the rental property owners, 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_ridge Rental Management Resources
Basics
Elementary information about what rental managment in Fairfax_ridge.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable tenant in Fairfax_ridge fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of rental management in Fairfax_ridge
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 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.
Do you need understand more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to investigate real estate facts about Fairfax_ridge and neighboring areas. The Guide to Real Estate has information regarding what has sold and what is currently listed, and many surprising facts that you might not be aware of. Furthermore, our Guide highlights some aspects of residing in Fairfax_ridge. As a matter of course, all of this is helpful for buyers and sellers, but rental investors and tenants may also find these resources to be quite eye-opening.