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

We are very serious about money matters.

As rental managers it is our solemn charge to keep close track on every cent of rent and each expense. Our team work hard to make sure that every rental investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we use 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 states the rental income as well as any bills which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the real estate investor.

There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end report.  In January we send to the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Ashgrove Plantation Property Management Resources

Basics

Elementary information regarding property management in Ashgrove Plantation.

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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 tenant in Ashgrove Plantation fast.

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Accounting

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

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Cost

An overview of prices of rental management in Ashgrove Plantation

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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.

Do you need know more about our community?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to find out more about Ashgrove Plantation and surrounding areas.  The Guide to Real Estate provides information regarding what has sold and what is currently listed, as well as a couple of shocking facts that you might not be aware of.  And, our Guide spotlights many of the benefits of living in Ashgrove Plantation.  Definitely, all of this is useful for purchasers and sellers, but landlords and tenants will likely also find these resources to be very useful.

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