We are extra meticulous with financial issues.
As rental property managers it is our solemn charge to reconcile every cent of income and each expense. All of us work relentlessly to make sure that each rental investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs 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 shows the rent received as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the rental 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. Annually, we organize 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. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Front Royal Property Management Resources
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 know more about our community?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who wants to investigate real estate facts about Front Royal and nearby areas. The Guide to Real Estate includes information about what has sold and what is on the market, and a couple of shocking facts that you may not be aware of. And, our Guide features some benefits of life in Front Royal. As might be expected, all of this is interesting for purchasers and sellers, but rental investors and tenants will also find this data to be quite useful.