We are very precise about money matters.
As rental property managers it is our duty to account for every cent of income and each expense. Our staff work hard to ensure that each property owner has the documentation to understand exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: 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 states the rental income as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on 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 property owners, 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.
Fairfax Property Management Resources
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Basics
Basic info regarding property management in Fairfax.
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Getting Started
Learn more about getting started with rental property management
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Find A Tenant
List your property to rent to find a dependable tenant in Fairfax fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
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Cost
A breakdown of fees associated with rental management in Fairfax
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Vetting
How Nesbitt Realty vets renters for landlords.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage property?
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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 know more about this area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who wants to review important real estate information about Fairfax and neighboring areas. The Guide to Real Estate includes facts regarding what has sold and what is for sale, and a few interesting facts that you may not know. In addition, our Guide highlights some assets of living in Fairfax. Of course, most of this is helpful for buyers and sellers, but real estate investors and renters may also find this information to be quite eye-opening.