How We Account For Rents and Expenditures For Our Landlord Clients

We are especially attentive with money matters.

As rental property managers it is our duty to reconcile every cent of rent and each expense. All of us work relentlessly to ensure that every property owner 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 software tools in the management business: Rent Manager.

We usually 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 shows the rent received as well as any bills which we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will describe what monies we are holding on behalf of the rental property owner.

There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end statement.  In January we mail the landlords, 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

Page County Rental Management Resources

Basics

Fundamental info regarding property management in Page County.

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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 reliable renter in Page County fast.

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Accounting

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

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Cost

A list of fees associated with property management services in Page County

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Vetting

How Nesbitt Realty vets 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 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 the local real estate market?

Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who wants to investigate real estate facts about Page County and surrounding areas.  The Guide to Real Estate has information about what has sold and what is for sale, and a couple of compelling facts that you might not be aware of.  Also, our Guide has many of the fundamentals of life in Page County.  Of course, all of this is interesting for buyers and sellers, but landlords and renters might also find these tools to be somewhat eye-opening.

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