How We Account For Rents and Expenditures For Our Landlord Clients

We are extra meticulous with fiduciary matters.

As property managers it is our solemn charge to reconcile every cent of income and each expense. All of us work hard to ensure that each rental investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we employ 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 rental income as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the real estate 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 statements into a year-end report.  In January we send to the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Pimmit Hills Property Management Resources

Basics

Fundamental information about what management services in Pimmit Hills.

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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 Pimmit Hills 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 list of fees associated with rental management services in Pimmit Hills

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Vetting

How Nesbitt Realty vets tenants for our clients.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rental investments?

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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 understand more about this area?

Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to find out more about Pimmit Hills and surrounding communities.  The Guide to Real Estate compiles facts regarding what has sold and what is currently listed, as well as many compelling facts that you might not know.  Also, our Guide features quite a few of the benefits of living in Pimmit Hills.  Definitely, most of this is helpful for buyers and sellers, but property owners and tenants will also find these tools to be very eye-opening.

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