How We Account For Rents and Expenditures For Our Landlord Clients

We are very meticulous with fiduciary matters.

As property managers it is our duty to reconcile every cent of income and each expense. All of us work relentlessly to ensure that each rental property owner has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we work with 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 which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly statement 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. Annually, we organize the monthly reports into a year-end statement.  In January we send to the real estate investors, 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

Wilton House Property Management Resources

Basics

Fundamental information about what rental managment in Wilton House.

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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 great renter in Wilton House 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

An overview of prices of rental management services in Wilton House

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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 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 rental specialist 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 the area?

Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who wants to find out more about Wilton House and surrounding areas.  The Guide to Real Estate provides facts about what has sold and what is on the market, and some shocking facts that you may not know.  Not to mention, our Guide highlights some benefits of living in Wilton House.  Naturally, most of this is helpful for buyers and sellers, but landlords and tenants may also find this information to be somewhat enlightening.

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