How We Account For Rents and Expenditures For Our Management Clients

We are very meticulous with accounting issues.

As rental property managers it is our duty to keep close track on every penny of rent and each expense. Our team work diligently to make sure that each property owner has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this task we employ 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. 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 property owner's behalf. The monthly statement is also available online. The statement will describe 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. At the end of the year, we organize 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 rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Ballston Rental Management Resources

Basics

Elementary information regarding property management in Ballston.

Learn More

Getting Started

Learn more about getting started with rental property management

Learn More

Find A Tenant

Market your property to rent to find a reliable tenant in Ballston fast.

Learn More

Accounting

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

Learn More

Cost

An overview of fees associated with property management services in Ballston

Learn More

Vetting

How Nesbitt Realty vets renters for our clients.

Learn More

Reserves

What is a contingency reserve account?

Learn More

Territory

Where does Nesbitt Realty manage rentals?

Learn More

Clients

Who uses Nesbitt Realty management services?

Learn More

Contact

Call (703)765-0300 to speak to a property manager now.

Email

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 resource for anyone who hopes to learn more about Ballston and nearby communities.  The Guide to Real Estate provides 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 spotlights quite a few of the fundamentals of life in Ballston.  Of course, all of this is useful for purchasers and sellers, but property owners and renters will likely also find these tools to be very sobering.

Serving Ballston