We are extremely attentive with fiduciary matters.
As rental property managers it is our duty to account for every cent of rent and each expense. Our staff work relentlessly to ensure that each property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: Rent Manager.
We usually 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 expenses which we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. In addition, 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 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 give the 1099 to your tax preparer.
City of Falls Church Property Management Resources
Basics
Basic info regarding rental managment in City of Falls Church.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in City of Falls Church fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management in City of Falls Church
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 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.
Do you want know more about our area?
Our Guide to Real Estate is a helpful resource for anyone who wants to learn more about City of Falls Church and surrounding areas. The Guide to Real Estate has data regarding what has sold and what is for sale, as well as some surprising facts that you might not be aware of. Furthermore, our Guide spotlights some aspects of living in City of Falls Church. Yes, all of this is interesting for purchasers and sellers, but property owners and renters will probably also find this information to be quite useful.