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

We are very attentive with financial matters.

As rental property managers it is our solemn charge to keep close track on every penny of income and each expense. Our team work relentlessly to make sure that each rental investor has the opportunity to understand exactly where is income is going to and coming from. To accomplish this duty 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 rental income as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the rental investor.

There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on 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 rental investors, 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

J C Biller Property Management Resources

Basics

Elementary information about what management services in J C Biller.

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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 dependable tenant in J C Biller fast.

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Accounting

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

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Cost

A breakdown of prices of rental management services in J C Biller

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Vetting

How Nesbitt Realty vets tenants for property owners.

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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.

Should you know more about this local real estate market?

Our Guide to Real Estate is a free resource for anyone who needs to review important real estate information about J C Biller and nearby areas.  The Guide to Real Estate includes facts regarding what has sold and what is for sale, as well as a couple of shocking facts that you might not be aware of.  Furthermore, our Guide highlights many of the aspects of residing in J C Biller.  As might be expected, all of this is interesting for buyers and sellers, but property owners and renters may also find this information to be somewhat eye-opening.

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