How We Account For Rents and Expenditures For Our Management Clients

We are especially attentive with financial issues.

As property managers it is our duty to account for every penny of income and each expense. Our staff work relentlessly to make sure that each rental investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.

We strive 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 shows the rent received as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the rental 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 send to the rental property owners, 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

Page County Rental Management Resources

Basics

Basic info about what rental managment 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

Market your property to rent to find a dependable 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 breakdown of fees associated with property management services in Page County

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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 rental 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 understand more about the community?

Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who hopes to review important real estate information about Page County and nearby communities.  The Guide to Real Estate has data about what has sold and what is currently listed, as well as some surprising facts that you might not be aware of.  In addition, our Guide spotlights quite a few of the fundamentals of residing in Page County.  Yes, most of this is useful for buyers and sellers, but owners and renters may also find this information to be quite enlightening.

Serving Page County

Nesbitt Realty provides award-winning property management services.

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