How We Account For Rents and Expenditures For Our Management Clients

We are extra meticulous with fiduciary issues.

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

We usually 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 property owner's behalf. The monthly statement is also available online. The monthly statement will show what monies we are holding on behalf of the property owner.

There is no additional charge for the reports or the accounting. Also, 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 statement.  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

Clear Brook Property Management Resources

Basics

Basic info regarding rental managment in Clear Brook.

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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 Clear Brook 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 breakdown of prices of property management services in Clear Brook

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Vetting

How Nesbitt Realty checks the backgrounds of 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 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 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.

Do you want know more about this community?

Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to review important real estate information about Clear Brook and neighboring areas.  The Guide to Real Estate has data about what has sold and what is currently listed, as well as a few shocking facts that you might not know.  Also, our Guide has some elements of living in Clear Brook.  As a matter of course, most of this is useful for buyers and sellers, but landlords and tenants will probably also find this data to be somewhat eye-opening.

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