We are extra careful with money issues.
As rental managers it is our duty to keep close track on every cent of rent and each expense. Our staff work diligently to make sure that each property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in the management business: Rent Manager.
We usually 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 expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on 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 real estate 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.
Oakton Rental Management Resources
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Basics
Basic information regarding management services in Oakton.
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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 Oakton fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
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Cost
An overview of fees associated with rental management in Oakton
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Vetting
How Nesbitt Realty checks the backgrounds of 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 rental investments?
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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 understand more about our area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who needs to find out more about Oakton and neighboring areas. The Guide to Real Estate has information about what has sold and what is for sale, and many compelling facts that you might not know. Not to mention, our Guide features many of the aspects of life in Oakton. Naturally, all of this is interesting for purchasers and sellers, but rental investors and renters will likely also find this information to be very informative.