How We Account For Rents and Expenditures For Our Landlord Clients

We are very meticulous with money matters.

As rental property managers it is our solemn charge to reconcile every penny of income and each expense. All of us work hard to ensure that each landlord has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.

We strive 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 rent received as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will show what reserves we are holding on behalf of the rental property owner.

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. At the end of the year, we organize the monthly reports into a year-end statement.  In January we send to the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Maurertown Property Management Resources

Basics

Fundamental info regarding rental managment in Maurertown.

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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 reliable renter in Maurertown 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 Maurertown

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Vetting

How Nesbitt Realty checks the backgrounds of 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 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.

Do you need know more about this community?

Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to review important real estate information about Maurertown and neighboring communities.  The Guide to Real Estate provides data regarding what has sold and what is on the market, and a couple of interesting facts that you might not know.  Not to mention, our Guide has some benefits of life in Maurertown.  Of course, all of this is helpful for purchasers and sellers, but property owners and renters may also find these tools to be quite eye-opening.

Serving Maurertown

Do you need a rental property manager?

Learn more about our rental management services. We service landlords in Virginia.