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

We are very precise about financial matters.

As rental property managers it is our duty to account for every cent of income and each expense. All of us work relentlessly to make sure that every rental investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in our profession: Rent Manager.

We always try 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 rent received as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The statement will show what monies we are holding on behalf of the rental 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. At the end of the year, we organize the monthly statements into a year-end report.  In January we send to the landlords, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Courts At Wescott Ridge Property Management Resources

Basics

Basic info regarding management services in Courts At Wescott Ridge.

Learn More

Getting Started

Learn more about getting started with property management

Learn More

Find A Tenant

Market your property to rent to find a great renter in Courts At Wescott Ridge fast.

Learn More

Accounting

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

Learn More

Cost

A breakdown of prices of rental management services in Courts At Wescott Ridge

Learn More

Vetting

How Nesbitt Realty vets renters for landlords.

Learn More

Reserves

What is a contingency reserve account?

Learn More

Territory

Where does Nesbitt Realty manage rentals?

Learn More

Clients

Who uses Nesbitt Realty management services?

Learn More

Contact

Call (703)765-0300 to speak to a property management specialist now.

Email

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.

Should you understand more about this local real estate market?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who wants to find out more about Courts At Wescott Ridge and surrounding communities.  The Guide to Real Estate has information about what has sold and what is for sale, and a couple of shocking facts that you may not know.  And, our Guide has quite a few of the elements of living in Courts At Wescott Ridge.  Definitely, most of this is helpful for buyers and sellers, but owners and tenants will probably also find the facts to be quite sobering.

Serving Courts At Wescott Ridge