How We Account For Rents and Expenditures For Our Management Clients

We are especially serious about fiduciary details.

As rental managers it is our solemn charge to account for every cent of rent and each expense. All of us work hard to ensure that each rental property owner has the opportunity to know 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 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 states the rental income as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the property owner.

There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on 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 mail the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Boston Property Management Resources

Basics

Elementary information regarding property management in Boston.

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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 renter in Boston fast.

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Accounting

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

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Cost

A breakdown of prices of rental management in Boston

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Vetting

How Nesbitt Realty vets renters 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 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 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 area?

Nesbitt Realty's Guide to Real Estate is a free resource for everyone who needs to learn more about Boston and neighboring communities.  The Guide to Real Estate includes information regarding what has sold and what is currently listed, and many surprising facts that you may not be aware of.  In addition, our Guide spotlights some assets of residing in Boston.  Of course, most of this is interesting for buyers and sellers, but owners and tenants will probably also find these tools to be quite informative.

Serving Boston

Nesbitt Realty provides award-winning property management services.

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