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

We are extremely precise about money issues.

As rental managers it is our solemn charge to account for every penny of rent and each expense. All of us work relentlessly to ensure that every rental property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.

We strive to 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 shows the rental income as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the landlord.

There is no additional charge for the reports or the accounting. And, 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 statements into a year-end statement.  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

Porto Vecchio Property Management Resources

Basics

Basic information regarding rental managment in Porto Vecchio.

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Getting Started

Learn more about getting started with property management

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Find A Tenant

Market your property to rent to find a reliable renter in Porto Vecchio fast.

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Accounting

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

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Cost

A breakdown of prices of property management services in Porto Vecchio

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Vetting

How Nesbitt Realty vets tenants 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 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 our local real estate market?

Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to review important real estate information about Porto Vecchio and nearby areas.  The Guide to Real Estate has facts about what has sold and what is currently listed, as well as many surprising facts that you might not be aware of.  Not to mention, our Guide has many of the benefits of living in Porto Vecchio.  As might be expected, all of this is helpful for buyers and sellers, but rental investors and renters should also find the facts to be somewhat eye-opening.

Serving Porto Vecchio