How We Account For Rents and Expenditures For Our Management Clients

We are extremely attentive with fiduciary issues.

As rental property managers it is our solemn charge to account for every cent of rent and each expense. Our staff work relentlessly to ensure that every property owner has the documentation to know exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.

We usually 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 property owner's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the property owner.

There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement.  In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Pointe_At_Park_Center Rental Management Resources

Basics

Elementary information regarding rental managment in Pointe_At_Park_Center.

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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 dependable renter in Pointe_At_Park_Center fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for landlords?

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Cost

A breakdown of prices of rental management in Pointe_At_Park_Center

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Vetting

How Nesbitt Realty vets 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 investments?

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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 manager 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.

Should you know more about the local real estate market?

Our Guide to Real Estate is a handy tool for anyone who wants to review important real estate information about Pointe_At_Park_Center and nearby areas.  The Guide to Real Estate compiles data regarding what has sold and what is for sale, and a couple of shocking facts that you may not be aware of.  And, our Guide spotlights quite a few of the assets of living in Pointe_At_Park_Center.  As a matter of course, all of this is helpful for purchasers and sellers, but landlords and renters may also find these resources to be somewhat informative.

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