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

We are extra attentive with money details.

As rental managers it is our duty to keep close track on every cent of income and each expense. All of us work diligently to ensure that every rental investor has the documentation to know exactly where is money is going to and coming from. To accomplish this task we use 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 expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will show what funds we are holding on behalf of the real estate investor.

There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report.  In January we mail the rental property owners, 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

Stanley Property Management Resources

Basics

Fundamental information about what management services in Stanley.

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Getting Started

Learn more about getting started with property management

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Find A Tenant

Market your property to rent to find a great tenant in Stanley 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

An overview of fees associated with rental management in Stanley

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Vetting

How Nesbitt Realty checks the backgrounds of 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 manager 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 our area?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who needs to investigate real estate facts about Stanley and neighboring communities.  The Guide to Real Estate includes data regarding what has sold and what is on the market, as well as some interesting facts that you may not know.  Also, our Guide features some assets of living in Stanley.  Naturally, most of this is helpful for purchasers and sellers, but rental investors and renters should also find this data to be somewhat edifying.

Serving Stanley