We are extra meticulous with money details.
As rental property managers it is our duty to keep close track on every penny of rent and each expense. Our staff work diligently to ensure that each landlord has the opportunity to understand exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We strive 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 expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, 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 report. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Falls Church Inventory Property Management Resources
Basics
Basic information regarding management services in Falls Church Inventory.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Falls Church Inventory fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management services in Falls Church Inventory
Vetting
How Nesbitt Realty vets renters for property owners.
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 understand more about this local real estate market?
Our Guide to Real Estate is a handy tool for anyone who hopes to learn more about Falls Church Inventory and surrounding areas. The Guide to Real Estate compiles information about what has sold and what is on the market, and a couple of surprising facts that you may not be aware of. In addition, our Guide has many of the elements of residing in Falls Church Inventory. Yes, all of this is useful for purchasers and sellers, but property owners and tenants should also find these resources to be very useful.