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

We are extra careful with accounting details.

As property managers it is our duty to keep close track on every penny of income and each expense. Our team work diligently to make sure that each landlord has the tools and paperwork to know exactly where is money 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. 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 bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The 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. And, 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 statements into a year-end report.  In January we mail the rental investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Frederick County Property Management Resources

Basics

Fundamental information regarding rental managment in Frederick County.

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Getting Started

Learn more about getting started with property management

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Find A Tenant

Market 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 property owners?

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Cost

A breakdown of fees associated with rental management services in Frederick County

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Vetting

How Nesbitt Realty vets tenants for property owners.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rentals?

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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.

Should you understand more about this local real estate market?

Nesbitt Realty's Guide to Real Estate is a free resource for anyone who needs to find out more about Frederick County and neighboring areas.  The Guide to Real Estate includes data regarding what has sold and what is on the market, as well as a couple of compelling facts that you may not be aware of.  Furthermore, our Guide spotlights many of the assets of life in Frederick County.  Of course, all of this is interesting for purchasers and sellers, but owners and tenants might also find these resources to be quite edifying.

Serving Frederick County

Do you need a rental property manager?

Learn more about our rental management services. We service landlords in Virginia.