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

We are especially attentive with financial details.

As rental property managers it is our solemn charge to keep close track on every penny of rent and each expense. All of us work relentlessly to ensure that each rental property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools 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 states the rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The statement will show what reserves we are holding on behalf of the real estate investor.

There is no additional charge for the reports or the accounting. Also, 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 report.  In January we mail the property owners, 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

The Meadows At Barnes Cr Property Management Resources

Basics

Fundamental information regarding rental managment in The Meadows At Barnes Cr.

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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 tenant in The Meadows At Barnes Cr 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 rental management in The Meadows At Barnes Cr

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Vetting

How Nesbitt Realty checks the backgrounds of 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 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.

Do you need understand more about the community?

Our Guide to Real Estate is a helpful resource for everyone who needs to review important real estate information about The Meadows At Barnes Cr and nearby communities.  The Guide to Real Estate includes facts regarding what has sold and what is for sale, as well as a couple of surprising facts that you may not be aware of.  Also, our Guide highlights some benefits of living in The Meadows At Barnes Cr.  Yes, most of this is useful for buyers and sellers, but landlords and renters should also find the facts to be quite edifying.

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