How We Account For Rents and Expenditures For Our Landlord Clients

We are especially meticulous with financial matters.

As property managers it is our duty to account for every penny of income and each expense. Our team work relentlessly to ensure that each rental property owner has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.

We strive to process and deposit rents on the same day they are received. Funds 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 that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the property owner.

There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement.  In January we send to the rental property owners, 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

Vienna Property Management Resources

Basics

Fundamental info regarding management services in Vienna.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

List your property to rent to find a reliable tenant in Vienna fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for real estate investors?

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Cost

A breakdown of fees associated with rental management services in Vienna

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Vetting

How Nesbitt Realty checks the backgrounds of tenants for property owners.

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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.

Do you want know more about our community?

Our Guide to Real Estate is a free tool for anyone who hopes to review important real estate information about Vienna and surrounding areas.  The Guide to Real Estate compiles data regarding what has sold and what is for sale, and a few compelling facts that you might not be aware of.  In addition, our Guide features quite a few of the fundamentals of life in Vienna.  Yes, all of this is useful for buyers and sellers, but owners and tenants should also find this information to be somewhat eye-opening.

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