How We Account For Rents and Expenditures For Our Rental Owning Clients

We are extremely attentive with money matters.

As property managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work hard to ensure that each rental property owner has the documentation to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: Rent Manager.

It is our practice 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 that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly 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. And, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly statements into a year-end report.  In January we mail the 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

Jillians_forest Property Management Resources

Basics

Fundamental information about what property management in Jillians_forest.

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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 Jillians_forest 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 services in Jillians_forest

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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 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 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.

Do you need know more about this community?

Our Guide to Real Estate is a handy resource for everyone who wants to review important real estate information about Jillians_forest and nearby areas.  The Guide to Real Estate provides data about what has sold and what is currently listed, and a couple of interesting facts that you might not know.  Also, our Guide highlights some fundamentals of residing in Jillians_forest.  Naturally, most of this is helpful for purchasers and sellers, but rental investors and tenants will probably also find this data to be quite informative.

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