How We Account For Rents and Expenditures For Our Landlord Clients

We are extremely careful with accounting details.

As rental managers it is our duty to reconcile every cent of rent and each expense. Our staff work diligently to ensure that each rental investor has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.

We always try to 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 states the rent received as well as any expenses which we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the property owner.

There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end report.  In January we mail the real estate investors, 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 Park Rental Management Resources

Basics

Basic info about what management services in Manassas Park.

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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 renter in Manassas Park fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for property owners?

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Cost

An overview of prices of property management services in Manassas Park

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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 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.

Should you know more about this area?

Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who wants to learn more about Manassas Park and surrounding communities.  The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as a few surprising facts that you may not be aware of.  Furthermore, our Guide highlights some fundamentals of residing in Manassas Park.  Definitely, most of this is interesting for buyers and sellers, but rental investors and tenants will probably also find these resources to be somewhat useful.

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