We are especially attentive with accounting issues.
As property managers it is our duty to keep close track on every cent of income and each expense. All of us work diligently to make sure that each rental property owner has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the landlord.
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. Annually, we organize the monthly reports into a year-end statement. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
South Arlington Property Management Resources
-
Basics
Basic information about what rental managment in South Arlington.
-
Getting Started
Learn more about getting started with property management
-
Find A Tenant
List your property to rent to find a dependable tenant in South Arlington fast.
-
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
-
Cost
An overview of fees associated with property management services in South Arlington
-
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
-
Reserves
What is a contingency reserve account?
-
Territory
Where does Nesbitt Realty manage rentals?
-
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 the community?
Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who wants to investigate real estate facts about South Arlington and nearby areas. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, as well as some shocking facts that you might not be aware of. In addition, our Guide highlights quite a few of the elements of residing in South Arlington. Yes, most of this is interesting for buyers and sellers, but owners and renters should also find this data to be very edifying.