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

We are extremely conscientious regarding accounting issues.

As rental managers it is our duty to account for every penny of income and each expense. All of us work diligently to ensure that every rental investor has the opportunity to understand exactly where is income is going to and coming from. To accomplish this task we use one of the most powerful programs 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 bills that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the property owner.

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 compile the monthly reports into a year-end statement.  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 hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Hinton Property Management Resources

Basics

Fundamental information regarding property management in Hinton.

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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 great tenant in Hinton 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 prices of rental management in Hinton

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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 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 our local real estate market?

Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who hopes to review important real estate information about Hinton and neighboring areas.  The Guide to Real Estate has data regarding what has sold and what is currently listed, and a couple of compelling facts that you may not be aware of.  Not to mention, our Guide has some fundamentals of residing in Hinton.  Certainly, most of this is interesting for purchasers and sellers, but real estate investors and tenants will probably also find the facts to be somewhat sobering.

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