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

We are very meticulous with fiduciary matters.

As rental managers it is our duty to keep close track on every penny of income and each expense. All of us work hard to make sure that each property owner has the documentation to see exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs in our profession: Rent Manager.

It is our practice 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 states the rent received as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report will show what funds we are holding on behalf of the landlord.

There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end report.  In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Middletown Rental Management Resources

Basics

Basic info regarding rental managment in Middletown.

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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 renter in Middletown 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 fees associated with property management services in Middletown

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Vetting

How Nesbitt Realty checks the backgrounds of 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 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 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 need know more about our community?

Nesbitt Realty's Guide to Real Estate is a free resource for anyone who wants to learn more about Middletown and nearby communities.  The Guide to Real Estate compiles data regarding what has sold and what is currently listed, and many compelling facts that you may not know.  And, our Guide features some assets of residing in Middletown.  As might be expected, all of this is helpful for purchasers and sellers, but real estate investors and renters might also find this information to be quite edifying.

Serving Middletown

Nesbitt Realty provides award-winning property management services.

Learn more about how we can help you achieve your real estate goals.