We are extra conscientious regarding money matters.
As rental property 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 property owner has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools 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 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 describe 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. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Occoquan Forest Property Management Resources
Basics
Basic information about what management services in Occoquan Forest.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable renter in Occoquan Forest fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in Occoquan Forest
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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.
Should you understand more about our local real estate market?
Our Guide to Real Estate is a handy resource for anyone who wants to find out more about Occoquan Forest and neighboring areas. The Guide to Real Estate has information about what has sold and what is currently listed, as well as a couple of surprising facts that you may not know. In addition, our Guide has quite a few of the fundamentals of life in Occoquan Forest. Of course, most of this is interesting for purchasers and sellers, but landlords and tenants should also find this information to be somewhat eye-opening.