How We Account For Rents and Expenditures For Our Management Clients

We are especially serious about accounting issues.

As property managers it is our solemn charge to account for every cent of rent and each expense. All of us work hard to ensure that each rental property owner has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful programs in the management business: Rent Manager.

We always try 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 rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the property owner.

There is no additional charge for the reports or the accounting. Furthermore, 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 report.  In January we mail the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Arlington Rental Management Resources

Basics

Basic info regarding property management in Arlington.

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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 great renter in Arlington fast.

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Accounting

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

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Cost

A list of prices of property management services in Arlington

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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 want understand more about the area?

Our Guide to Real Estate is a helpful tool for anyone who hopes to learn more about Arlington and nearby communities.  The Guide to Real Estate compiles data about what has sold and what is for sale, as well as some surprising facts that you may not be aware of.  Furthermore, our Guide has many of the benefits of residing in Arlington.  Of course, all of this is helpful for purchasers and sellers, but owners and renters may also find the facts to be very useful.

Serving Arlington

Do you need a rental property manager?

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