We are extremely serious about money issues.
As rental property managers it is our solemn charge to keep close track on every penny of income and each expense. Our team work diligently to make sure that each real estate investor has the opportunity to understand exactly where is income is going to and coming from. To accomplish this duty we employ 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 states the rental income as well as any bills that 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 property owner.
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. At the end of the year, we organize the monthly statements into a year-end statement. In January we send to the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
West Falls Church Property Management Resources
Basics
Fundamental information regarding management services in West Falls Church.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in West Falls Church fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with rental management services in West Falls Church
Vetting
How Nesbitt Realty vets tenants for landlords.
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 understand more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who wants to learn more about West Falls Church and neighboring areas. The Guide to Real Estate provides data regarding what has sold and what is for sale, as well as a few shocking facts that you might not be aware of. In addition, our Guide has quite a few of the aspects of residing in West Falls Church. Of course, most of this is helpful for buyers and sellers, but owners and tenants may also find these tools to be somewhat informative.