We are extra attentive with fiduciary details.
As property managers it is our solemn charge to account for every cent of income and each expense. Our team work relentlessly to ensure that every rental investor has the opportunity to see exactly where is money is going to and coming from. To accomplish this duty we use 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 rental income as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will show what funds we are holding on behalf of the rental 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 organize the monthly reports into a year-end statement. In January we mail the rental investors, 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.
Northern Virginia Rental Management Resources
-
Basics
Elementary info about what management services in Northern Virginia.
-
Getting Started
Learn more about getting started with rental property management
-
Find A Tenant
Market your property to rent to find a dependable tenant in Northern Virginia 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 Northern Virginia
-
Vetting
How Nesbitt Realty vets tenants for our clients.
-
Reserves
What is a contingency reserve account?
-
Territory
Where does Nesbitt Realty manage rental investments?
-
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 this community?
Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Northern Virginia and surrounding areas. The Guide to Real Estate has information regarding what has sold and what is for sale, as well as a couple of shocking facts that you might not know. Not to mention, our Guide features quite a few of the fundamentals of living in Northern Virginia. Of course, most of this is helpful for purchasers and sellers, but rental investors and tenants might also find these resources to be quite eye-opening.