How We Account For Rents and Expenditures For Our Landlord Clients

We are extra serious about money matters.

As property managers it is our duty to account for every cent of income and each expense. Our staff work relentlessly to make sure that each real estate investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.

It is our practice 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 rent received as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will describe what funds we are holding on behalf of the property owner.

There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report.  In January we mail the rental property owners, 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

Frederick County Rental Management Resources

Basics

Fundamental info regarding rental managment in Frederick County.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

List your property to rent to find a dependable tenant in Frederick County 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 prices of rental management services in Frederick County

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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 rental 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 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 the local real estate market?

Our Guide to Real Estate is a handy tool for everyone who hopes to investigate real estate facts about Frederick County and nearby areas.  The Guide to Real Estate provides information about what has sold and what is for sale, as well as a couple of shocking facts that you may not know.  Not to mention, our Guide has some aspects of living in Frederick County.  Naturally, most of this is interesting for purchasers and sellers, but rental investors and renters might also find the facts to be quite sobering.

Serving Frederick County