We are extra serious about accounting matters.
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 landlord has the documentation to know exactly where is money is going to and coming from. To accomplish this task 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. Rents 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 rental investor's behalf. The monthly statement is also available online. The monthly report will describe what reserves we are holding on behalf of the real estate 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 statements into a year-end report. In January we send to the rental investors, 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.
Amissville Rental Management Resources
Basics
Fundamental info about what property management in Amissville.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable tenant in Amissville fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of property management services in Amissville
Vetting
How Nesbitt Realty vets renters 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 need understand more about our community?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who hopes to learn more about Amissville and nearby communities. The Guide to Real Estate compiles facts about what has sold and what is currently listed, as well as a few surprising facts that you might not be aware of. In addition, our Guide features quite a few of the fundamentals of life in Amissville. Of course, all of this is helpful for buyers and sellers, but owners and renters might also find this information to be quite edifying.