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

We are extremely precise about financial matters.

As rental managers it is our solemn charge to keep close track on every penny of rent and each expense. Our staff work relentlessly to make sure 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 software tools in the management business: Rent Manager.

We usually 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 shows the rent received as well as any bills that we have paid on the rental investor'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. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end statement.  In January we send to the real estate 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

Penn Laird Property Management Resources

Basics

Fundamental info regarding management services in Penn Laird.

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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 Penn Laird fast.

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Accounting

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

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Cost

An overview of fees associated with rental management in Penn Laird

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Vetting

How Nesbitt Realty vets 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 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 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 want know more about this area?

Our Guide to Real Estate is a handy resource for anyone who needs to find out more about Penn Laird and nearby communities.  The Guide to Real Estate has facts regarding what has sold and what is on the market, and many compelling facts that you might not be aware of.  Not to mention, our Guide has some assets of living in Penn Laird.  Of course, most of this is helpful for buyers and sellers, but owners and tenants may also find this information to be somewhat sobering.

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