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

We are extra meticulous with money issues.

As rental property managers it is our duty to account for every cent of income and each expense. Our team work diligently to ensure that every landlord has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: 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 rental income as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The statement will show what monies we are holding on behalf of the landlord.

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. Annually, we compile the monthly reports into a year-end statement.  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

Manassas Park Rental Management Resources

Basics

Elementary info about what management services in Manassas Park.

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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 great tenant in Manassas Park 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 Manassas Park

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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 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 rental 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?

Our Guide to Real Estate is a handy resource for anyone who hopes to review important real estate information about Manassas Park and neighboring communities.  The Guide to Real Estate includes data regarding what has sold and what is on the market, and a couple of shocking facts that you may not be aware of.  Also, our Guide features some elements of residing in Manassas Park.  Of course, all of this is interesting for buyers and sellers, but rental investors and tenants will also find the facts to be somewhat useful.

Serving Manassas Park

Nesbitt Realty provides award-winning property management services.

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