How We Account For Rents and Expenditures For Our Landlord Clients

We are extremely attentive with fiduciary details.

As rental managers it is our duty to keep close track on every cent of income and each expense. Our staff work relentlessly to ensure that every rental property owner has the opportunity to know exactly where is money 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 always try 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 shows the rental income as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the property owner.

There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report.  In January we mail the real estate investors, 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

Crystal City Property Management Resources

Basics

Fundamental information about what rental managment in Crystal City.

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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 Crystal City fast.

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Accounting

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

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Cost

A breakdown of prices of property management services in Crystal City

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Vetting

How Nesbitt Realty checks the backgrounds of tenants for landlords.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rentals?

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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.

Should you understand more about this community?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to review important real estate information about Crystal City and surrounding areas.  The Guide to Real Estate compiles data about what has sold and what is currently listed, as well as a couple of interesting facts that you might not be aware of.  Not to mention, our Guide highlights quite a few of the benefits of residing in Crystal City.  Yes, most of this is helpful for purchasers and sellers, but landlords and tenants will probably also find this information to be somewhat sobering.

Serving Crystal City

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