How We Account For Rents and Expenditures For Our Management Clients

We are extra serious about financial details.

As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work diligently to make sure that each rental investor has the documentation to know 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 strive 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 expenses that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will show what reserves we are holding on behalf of the real estate investor.

There is no additional charge for the reports or the accounting. And, 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 mail the landlords, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Middletown Rental Management Resources

Basics

Fundamental information regarding management services in Middletown.

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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 reliable tenant in Middletown 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 list of fees associated with property management services in Middletown

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Vetting

How Nesbitt Realty vets tenants for landlords.

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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 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 know more about the community?

Our Guide to Real Estate is a handy resource for everyone who needs to investigate real estate facts about Middletown and surrounding communities.  The Guide to Real Estate has information regarding what has sold and what is on the market, and some shocking facts that you may not be aware of.  And, our Guide highlights some aspects of living in Middletown.  Yes, most of this is interesting for purchasers and sellers, but real estate investors and renters will probably also find the facts to be very enlightening.

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