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

We are extra meticulous with financial issues.

As rental managers it is our duty to keep close track on every cent of income and each expense. Our staff work hard to ensure that every rental property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs 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 rental income as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will show what reserves we are holding on behalf of the property owner.

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

Edsall Park Rental Management Resources

Basics

Basic info regarding property management in Edsall Park.

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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 Edsall Park 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 fees associated with property management services in Edsall Park

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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 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.

Do you need understand more about our community?

Nesbitt Realty's Guide to Real Estate is a handy resource for anyone who hopes to learn more about Edsall Park and nearby communities.  The Guide to Real Estate provides information regarding what has sold and what is currently listed, as well as a couple of surprising facts that you may not be aware of.  Furthermore, our Guide spotlights many of the fundamentals of life in Edsall Park.  Of course, all of this is helpful for buyers and sellers, but owners and renters might also find this information to be quite sobering.

Serving Edsall Park

Nesbitt Realty provides award-winning property management services.

Learn more about how we can help you achieve your real estate goals.