How We Account For Rents and Expenditures For Our Landlord Clients

We are extremely attentive with financial issues.

As rental managers it is our duty to account for every cent of rent and each expense. All of us work hard to ensure that each real estate investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.

It is our practice 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 states the rent received as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will show what reserves we are holding on behalf of the rental investor.

There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end statement.  In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Arlington Ridge Property Management Resources

Basics

Elementary information regarding rental managment in Arlington Ridge.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

Market your property to rent to find a dependable renter in Arlington Ridge fast.

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Accounting

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

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Cost

An overview of fees associated with rental management in Arlington Ridge

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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 property?

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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 understand more about the local real estate market?

Our Guide to Real Estate is a free tool for anyone who wants to review important real estate information about Arlington Ridge and surrounding areas.  The Guide to Real Estate has information regarding what has sold and what is on the market, and a couple of compelling facts that you might not know.  In addition, our Guide features quite a few of the elements of living in Arlington Ridge.  Definitely, most of this is helpful for purchasers and sellers, but real estate investors and renters should also find this data to be very useful.

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Do you need advice about rental property management?

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