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

We are very serious about money matters.

As property managers it is our solemn charge to reconcile every penny of rent and each expense. Our team work hard to make sure that every rental investor has the tools and paperwork to see exactly where is money 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 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 that we have paid on the landlord's behalf. The monthly statement is also available online. The statement will show what reserves 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 organize the monthly statements into a year-end statement.  In January we send to 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

Stonewall_Manor Rental Management Resources

Basics

Basic information regarding rental managment in Stonewall_Manor.

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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 dependable renter in Stonewall_Manor 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 fees associated with rental management services in Stonewall_Manor

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Vetting

How Nesbitt Realty checks the backgrounds of renters for our clients.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rental investments?

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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.

Do you need understand more about this local real estate market?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who wants to review important real estate information about Stonewall_Manor and surrounding communities.  The Guide to Real Estate includes data about what has sold and what is on the market, as well as a couple of surprising facts that you may not know.  Also, our Guide highlights quite a few of the benefits of residing in Stonewall_Manor.  As might be expected, most of this is useful for buyers and sellers, but rental investors and tenants might also find the facts to be quite useful.

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