How We Account For Rents and Expenditures For Our Landlord Clients

We are very precise about money matters.

As rental property managers it is our solemn charge to keep close track on every cent of rent and each expense. Our team work relentlessly to ensure that each landlord has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: 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 that we have paid on the 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 rental property owner.

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 send to the rental 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.

 

rent manager
Nesbitt Realty uses Rent Manager

Bush Hill Woods Property Management Resources

Basics

Basic information about what rental managment in Bush Hill Woods.

Learn More

Getting Started

Learn more about getting started with property management

Learn More

Find A Tenant

List your property to rent to find a great renter in Bush Hill Woods fast.

Learn More

Accounting

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

Learn More

Cost

A breakdown of prices of property management services in Bush Hill Woods

Learn More

Vetting

How Nesbitt Realty checks the backgrounds of tenants for property owners.

Learn More

Reserves

What is a contingency reserve account?

Learn More

Territory

Where does Nesbitt Realty manage rental investments?

Learn More

Clients

Who uses Nesbitt Realty management services?

Learn More

Contact

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

Email

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 want know more about the area?

Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who hopes to investigate real estate facts about Bush Hill Woods and neighboring areas.  The Guide to Real Estate compiles information about what has sold and what is currently listed, and many compelling facts that you might not know.  And, our Guide highlights many of the benefits of living in Bush Hill Woods.  As might be expected, most of this is helpful for buyers and sellers, but owners and renters will likely also find the facts to be very sobering.

Serving Bush Hill Woods

Do you need advice about rental property management?

Talk to one of our experts about rental property in Virginia.