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

We are very meticulous with fiduciary issues.

As rental managers it is our solemn charge to reconcile every penny of income and each expense. All of us work diligently to ensure that every rental investor has the opportunity to see exactly where is income 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 shows the rental income as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the rental investor.

There is no additional charge for the reports or the accounting. In addition, 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 statement.  In January we mail the landlords, 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

Flint Hill Property Management Resources

Basics

Basic info regarding management services in Flint Hill.

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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 tenant in Flint Hill fast.

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Accounting

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

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Cost

A list of prices of rental management services in Flint Hill

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Vetting

How Nesbitt Realty checks the backgrounds of 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 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 rental 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 area?

Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to investigate real estate facts about Flint Hill and surrounding areas.  The Guide to Real Estate has data regarding what has sold and what is on the market, and a couple of compelling facts that you might not be aware of.  Not to mention, our Guide has quite a few of the elements of residing in Flint Hill.  Of course, all of this is useful for purchasers and sellers, but property owners and tenants might also find the facts to be very enlightening.

Serving Flint Hill