How We Account For Rents and Expenditures For Our Management Clients

We are extra serious about fiduciary details.

As rental managers it is our solemn charge to account for every cent of income and each expense. Our team work diligently to make sure that each rental property owner has the tools and paperwork 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 our profession: 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 rent received as well as any bills which we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the landlord.

There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end statement.  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 hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Holmes_run_heights Property Management Resources

Basics

Elementary info regarding management services in Holmes_run_heights.

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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 great tenant in Holmes_run_heights fast.

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Accounting

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

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Cost

A breakdown of prices of rental management in Holmes_run_heights

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Vetting

How Nesbitt Realty vets tenants for our clients.

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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 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 the community?

Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who hopes to learn more about Holmes_run_heights and nearby communities.  The Guide to Real Estate includes data regarding what has sold and what is for sale, as well as many surprising facts that you might not know.  And, our Guide has many of the elements of residing in Holmes_run_heights.  Certainly, all of this is useful for purchasers and sellers, but owners and renters will likely also find this data to be quite sobering.

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