How We Account For Rents and Expenditures For Our Management Clients

We are very meticulous with financial details.

As rental managers it is our solemn charge to account for every cent of rent and each expense. All of us work hard to make sure that every rental property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we use 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. Rents are deposited into an escrow account (not into our operating account). We prepare a monthly statement that states the rent received as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The monthly report will show what monies we are holding on behalf of the real estate investor.

There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement.  In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.


rent manager
Nesbitt Realty uses Rent Manager

Springfield Rental Management Resources


Elementary information regarding property management in Springfield.

Learn More

Getting Started

Learn more about getting started with rental property management

Learn More

Find A Tenant

Market your property to rent to find a dependable tenant in Springfield fast.

Learn More


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

Learn More


An overview of prices of rental management services in Springfield

Learn More


How Nesbitt Realty checks the backgrounds of renters for our clients.

Learn More


What is a contingency reserve account?

Learn More


Where does Nesbitt Realty manage rentals?

Learn More


Who uses Nesbitt Realty management services?

Learn More


Call (703)765-0300 to speak to a rental specialist now.


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 want understand more about this local real estate market?

Our Guide to Real Estate is a handy tool for everyone who wants to learn more about Springfield and surrounding communities.  The Guide to Real Estate has facts regarding what has sold and what is currently listed, and many surprising facts that you may not be aware of.  In addition, our Guide has many of the benefits of life in Springfield.  Of course, most of this is useful for purchasers and sellers, but landlords and renters will probably also find these resources to be somewhat edifying.

Serving Springfield