How We Account For Rents and Expenditures For Our Management Clients

We are very careful with money details.

As rental property managers it is our duty to keep close track on every cent of rent and each expense. Our team work hard to ensure that every 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 use one of the most powerful software tools in our profession: Rent Manager.

We strive 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 bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the landlord.

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 reports into a year-end report.  In January we send to the rental investors, 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

West Springfield Rental Management Resources

Basics

Elementary information about what rental managment in West Springfield.

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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 dependable tenant in West Springfield 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 prices of rental management in West Springfield

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Vetting

How Nesbitt Realty checks the backgrounds of renters 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 management 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 want know more about the local real estate market?

Our Guide to Real Estate is a helpful resource for anyone who needs to review important real estate information about West Springfield and neighboring communities.  The Guide to Real Estate compiles facts about what has sold and what is currently listed, as well as many interesting facts that you might not know.  Also, our Guide spotlights some benefits of living in West Springfield.  Naturally, all of this is helpful for purchasers and sellers, but landlords and renters will also find these tools to be quite enlightening.

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