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

We are especially precise about fiduciary details.

As property managers it is our duty to reconcile every penny of income and each expense. Our staff work hard to ensure that each property owner has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we employ 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 shows the rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will show what reserves we are holding on behalf of the rental investor.

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. At the end of the year, we organize the monthly statements into a year-end report.  In January we send to the real estate investors, 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 Rental Management Resources

Basics

Elementary information regarding management services in Maurertown.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

List your property to rent to find a dependable tenant in Maurertown fast.

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Accounting

How does Nesbitt Realty keep track of income and expenses for real estate investors?

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Cost

An overview of fees associated with rental management services in Maurertown

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Vetting

How Nesbitt Realty checks the backgrounds of tenants for landlords.

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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 manager 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 know more about our community?

Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who wants to find out more about Maurertown and nearby areas.  The Guide to Real Estate provides data regarding what has sold and what is currently listed, as well as many surprising facts that you might not be aware of.  In addition, our Guide has some assets of living in Maurertown.  Of course, most of this is helpful for buyers and sellers, but owners and renters will probably also find these resources to be quite edifying.

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