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

We are extremely conscientious regarding money details.

As rental property managers it is our duty to reconcile every penny of rent and each expense. Our team work relentlessly to make sure that every rental investor has the tools and paperwork to see exactly where is income 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rental income as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the real estate investor.

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. Annually, we compile 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 rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Alta_Vista Rental Management Resources

Basics

Fundamental information about what property management in Alta_Vista.

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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 dependable tenant in Alta_Vista fast.

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Accounting

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

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Cost

An overview of fees associated with property management services in Alta_Vista

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Vetting

How Nesbitt Realty vets renters for property owners.

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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 rental 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 this area?

Nesbitt Realty's Guide to Real Estate is a free tool for everyone who needs to find out more about Alta_Vista and surrounding areas.  The Guide to Real Estate has facts about what has sold and what is for sale, as well as a few interesting facts that you might not be aware of.  Furthermore, our Guide features many of the fundamentals of residing in Alta_Vista.  Certainly, most of this is interesting for buyers and sellers, but property owners and tenants may also find this data to be very enlightening.

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