We are extremely attentive with money issues.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. Our team work relentlessly to make sure that each real estate investor has the tools and paperwork to know 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.
It is our practice 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 rent received as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the real estate investor.
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. At the end of the year, we organize the monthly reports into a year-end report. 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.
Fairfax_Station Property Management Resources
Basics
Basic information about what rental managment in Fairfax_Station.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a reliable renter in Fairfax_Station fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management in Fairfax_Station
Vetting
How Nesbitt Realty vets 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.
Should you know more about our community?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Fairfax_Station and surrounding communities. The Guide to Real Estate compiles information about what has sold and what is currently listed, and some shocking facts that you might not be aware of. Furthermore, our Guide has quite a few of the fundamentals of residing in Fairfax_Station. Of course, most of this is interesting for buyers and sellers, but property owners and renters should also find these tools to be quite eye-opening.