We are extra serious about fiduciary issues.
As property managers it is our duty to account for every cent of income and each expense. Our team work hard to ensure that every property owner has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools 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 states the rent received as well as any expenses which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end statement. In January we mail the real estate investors, 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.
East Falls Church Property Management Resources
Basics
Fundamental information regarding management services in East Falls Church.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in East Falls Church fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management services in East Falls Church
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage 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 our community?
Our Guide to Real Estate is a handy resource for everyone who needs to find out more about East Falls Church and surrounding communities. The Guide to Real Estate has facts regarding what has sold and what is on the market, as well as many compelling facts that you might not be aware of. And, our Guide spotlights some fundamentals of life in East Falls Church. Of course, all of this is interesting for buyers and sellers, but landlords and renters might also find these tools to be somewhat edifying.