How We Account For Rents and Expenditures For Our Management Clients

We are extra meticulous with money details.

As rental managers it is our duty to keep close track on every penny of income and each expense. All of us work hard to ensure that every rental investor has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: 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 rent received as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the real estate 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. Annually, we compile the monthly statements into a year-end report.  In January we mail the real estate 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.

 

rent manager
Nesbitt Realty uses Rent Manager

Cameron_Mews Property Management Resources

Basics

Elementary information about what rental managment in Cameron_Mews.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

Market your property to rent to find a reliable tenant in Cameron_Mews 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

An overview of prices of property management services in Cameron_Mews

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Vetting

How Nesbitt Realty checks the backgrounds of tenants for our clients.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rental property?

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Clients

Who uses Nesbitt Realty management services?

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Contact

Call (703)765-0300 to speak to a property management specialist now.

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If you have tenants, you have problems.

Nesbitt Realty handles those problems.

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 know more about the local real estate market?

Our Guide to Real Estate is a helpful resource for anyone who needs to find out more about Cameron_Mews and surrounding areas.  The Guide to Real Estate provides facts regarding what has sold and what is currently listed, as well as a few surprising facts that you may not be aware of.  And, our Guide has some benefits of residing in Cameron_Mews.  Certainly, all of this is interesting for purchasers and sellers, but rental investors and tenants may also find these resources to be somewhat informative.

Serving Cameron_Mews

Do you need a rental property manager?

Learn more about our rental management services. We service landlords in Virginia.