How We Account For Rents and Expenditures For Our Management Clients

We are extremely precise about accounting issues.

As rental managers it is our solemn charge to keep close track on every cent of rent and each expense. Our team work hard to ensure that each rental investor has the documentation to see exactly where is money is going to and coming from. To accomplish this duty we employ 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 states the rental income as well as any expenses which we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the rental property owner.

There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report.  In January we send to the 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

Bristow Rental Management Resources

Basics

Fundamental information regarding management services in Bristow.

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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 Bristow 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 fees associated with rental management in Bristow

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Vetting

How Nesbitt Realty vets tenants 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 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.

Should you understand more about our local real estate market?

Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who hopes to investigate real estate facts about Bristow and nearby communities.  The Guide to Real Estate provides facts regarding what has sold and what is on the market, and many compelling facts that you may not be aware of.  Not to mention, our Guide features many of the fundamentals of living in Bristow.  Of course, most of this is helpful for purchasers and sellers, but property owners and tenants will probably also find this information to be somewhat informative.

Serving Bristow