We are extremely attentive with financial details.
As rental property managers it is our solemn charge to reconcile every cent of rent and each expense. All of us work hard to ensure that every real estate investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.
We always try 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 shows 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 statement will describe what reserves we are holding on behalf of the property owner.
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 report. In January we mail the rental property owners, 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.
Fairfax Property Management Resources
Basics
Fundamental info regarding property management in Fairfax.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great tenant in Fairfax fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management in Fairfax
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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 local real estate market?
Our Guide to Real Estate is a handy resource for everyone who wants to review important real estate information about Fairfax and neighboring communities. The Guide to Real Estate compiles information about what has sold and what is currently listed, and many compelling facts that you might not know. Furthermore, our Guide has some benefits of living in Fairfax. Of course, all of this is useful for purchasers and sellers, but landlords and tenants might also find these tools to be very informative.