We are extremely conscientious regarding money matters.
As rental managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work hard to make sure that every real estate investor has the documentation to see exactly where is income is going to and coming from. To accomplish this task 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 rent received as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will show what funds we are holding on behalf of the landlord.
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 reports into a year-end statement. In January we mail the rental 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.
Fort Belvoir Property Management Resources
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Basics
Fundamental info about what management services in Fort Belvoir.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
List your property to rent to find a great tenant in Fort Belvoir fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
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Cost
A list of prices of rental management services in Fort Belvoir
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Vetting
How Nesbitt Realty vets renters for our clients.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rentals?
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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 want know more about this local real estate market?
Our Guide to Real Estate is a helpful resource for everyone who wants to review important real estate information about Fort Belvoir and nearby communities. The Guide to Real Estate has facts about what has sold and what is for sale, and a few interesting facts that you may not be aware of. In addition, our Guide highlights many of the benefits of residing in Fort Belvoir. Of course, most of this is useful for buyers and sellers, but real estate investors and tenants might also find this data to be very enlightening.