How We Account For Rents and Expenditures For Our Management Clients

We are very conscientious regarding financial details.

As property managers it is our solemn charge to keep close track on every penny of rent and each expense. Our team work relentlessly to make sure that every landlord has the tools and paperwork to see exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.

It is our practice 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 expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will describe what reserves 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 organize the monthly reports 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 property. 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 about what property management 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 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 prices of rental management services in Maurertown

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Vetting

How Nesbitt Realty checks the backgrounds of tenants for our clients.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rentals?

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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 the local real estate market?

Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who hopes to investigate real estate facts about Maurertown and nearby communities.  The Guide to Real Estate includes facts about what has sold and what is on the market, as well as some compelling facts that you may not be aware of.  Furthermore, our Guide spotlights many of the fundamentals of living in Maurertown.  As a matter of course, all of this is interesting for purchasers and sellers, but property owners and renters might also find the facts to be quite sobering.

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