We are extremely serious about money issues.
As property managers it is our duty to keep close track on every penny of income and each expense. Our staff work diligently to make sure that each rental property owner has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: 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 states the rental income as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will show what funds 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 organize the monthly statements into a year-end report. In January we send to the landlords, 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.
Rappahannock County Property Management Resources
Basics
Basic information regarding property management in Rappahannock County.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a reliable tenant in Rappahannock County fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of prices of property management services in Rappahannock County
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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 need understand more about this area?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to review important real estate information about Rappahannock County and neighboring areas. The Guide to Real Estate has data regarding what has sold and what is for sale, and many shocking facts that you may not know. And, our Guide features some aspects of living in Rappahannock County. Of course, most of this is useful for purchasers and sellers, but owners and tenants will probably also find these resources to be somewhat informative.