We are especially precise about fiduciary matters.
As property managers it is our duty to keep close track on every cent of income and each expense. Our staff work hard to ensure that each property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: 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 that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, 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 statements into a year-end report. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Sperryville Property Management Resources
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Basics
Elementary information about what property management in Sperryville.
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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 renter in Sperryville fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
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Cost
A list of fees associated with rental management services in Sperryville
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Vetting
How Nesbitt Realty vets tenants for landlords.
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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 the community?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who wants to find out more about Sperryville and nearby areas. The Guide to Real Estate includes facts regarding what has sold and what is for sale, as well as a few surprising facts that you might not be aware of. Furthermore, our Guide features many of the assets of living in Sperryville. Of course, all of this is helpful for buyers and sellers, but rental investors and tenants will also find this information to be very edifying.