How We Account For Rents and Expenditures For Our Landlord Clients

We are very attentive with financial details.

As rental managers it is our solemn charge to reconcile every cent of rent and each expense. Our staff work relentlessly to ensure that every rental property owner has the documentation to see exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: 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 rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will show what funds 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 send to the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Hunters_woods_village Rental Management Resources

Basics

Elementary info about what management services in Hunters_woods_village.

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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 Hunters_woods_village fast.

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Accounting

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

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Cost

A list of prices of rental management in Hunters_woods_village

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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 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 the local real estate market?

Nesbitt Realty's Guide to Real Estate is a free resource for anyone who needs to investigate real estate facts about Hunters_woods_village and neighboring areas.  The Guide to Real Estate provides facts regarding what has sold and what is for sale, as well as many surprising facts that you may not be aware of.  In addition, our Guide highlights some elements of life in Hunters_woods_village.  Yes, most of this is useful for buyers and sellers, but property owners and tenants should also find this information to be somewhat sobering.

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Do you need advice about rental property management?

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