We are extremely precise about accounting issues.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. All of us work hard to make sure that every property owner has the opportunity to know exactly where is money is going to and coming from. To accomplish this task we employ 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. Rents 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 which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly statement will show what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, 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 statement. In January we send to 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 hand the 1099 to your tax preparer.
Crystal City Property Management Resources
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Basics
Fundamental info regarding rental managment in Crystal City.
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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 reliable tenant in Crystal City 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 breakdown of prices of property management services in Crystal City
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Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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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 want know more about our area?
Our Guide to Real Estate is a handy tool for anyone who wants to find out more about Crystal City and nearby communities. The Guide to Real Estate has information about what has sold and what is on the market, and a few shocking facts that you might not know. Furthermore, our Guide highlights quite a few of the fundamentals of life in Crystal City. Of course, most of this is useful for buyers and sellers, but owners and renters should also find these resources to be quite eye-opening.