How We Account For Rents and Expenditures For Our Rental Owning Clients

We are very conscientious regarding money matters.

As rental managers it is our solemn charge to account for every cent of rent and each expense. All of us work hard to make sure that each rental property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with 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 states the rent received as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly statement will describe 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 marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report.  In January we send to the property owners, 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

Bush Hill Woods Property Management Resources

Basics

Basic information about what rental managment in Bush Hill Woods.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

List your property to rent to find a great tenant in Bush Hill Woods 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 rental management services in Bush Hill Woods

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Vetting

How Nesbitt Realty vets renters for landlords.

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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.

Do you need know more about the community?

Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to investigate real estate facts about Bush Hill Woods and neighboring communities.  The Guide to Real Estate includes data regarding what has sold and what is on the market, as well as a few interesting facts that you might not be aware of.  Also, our Guide has quite a few of the aspects of residing in Bush Hill Woods.  Of course, most of this is interesting for buyers and sellers, but owners and renters should also find this information to be somewhat edifying.

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