How We Account For Rents and Expenditures For Our Landlord Clients

We are especially careful with fiduciary matters.

As rental managers it is our solemn charge to keep close track on every cent of income and each expense. All of us 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 task we work with 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 rental income as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the landlord.

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

Manassas Rental Management Resources

Basics

Elementary info regarding property management in Manassas.

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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 renter in Manassas 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 prices of rental management services in Manassas

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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 our area?

Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who needs to learn more about Manassas and surrounding communities.  The Guide to Real Estate compiles facts regarding what has sold and what is on the market, and a couple of shocking facts that you may not know.  Also, our Guide features some fundamentals of residing in Manassas.  Definitely, all of this is interesting for buyers and sellers, but rental investors and tenants will probably also find the facts to be quite sobering.

Serving Manassas

Nesbitt Realty provides award-winning property management services.

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