How We Account For Rents and Expenditures For Our Landlord Clients

We are especially careful with money details.

As rental property managers it is our duty to reconcile every penny of rent and each expense. Our staff work hard to make sure that each property owner has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools 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 shows the rental income as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will describe what monies we are holding on behalf of the rental property owner.

There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, 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 rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Frederick County Property Management Resources

Basics

Basic info about what management services in Frederick County.

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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 renter in Frederick County 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 property management services in Frederick County

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Vetting

How Nesbitt Realty vets renters 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 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 understand more about this local real estate market?

Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who hopes to learn more about Frederick County and neighboring areas.  The Guide to Real Estate compiles facts about what has sold and what is on the market, as well as many surprising facts that you might not be aware of.  In addition, our Guide highlights quite a few of the aspects of life in Frederick County.  Yes, most of this is useful for buyers and sellers, but real estate investors and tenants should also find the facts to be somewhat edifying.

Serving Frederick County