How We Account For Rents and Expenditures For Our Landlord Clients

We are especially serious about accounting details.

As rental property managers it is our solemn charge to account for every cent of rent and each expense. All of us work relentlessly to ensure that each real estate investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this duty we use 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 bills that we have paid on the rental property owner's behalf. The monthly statement is also available electronically. The statement will describe what monies we are holding on behalf of the rental investor.

There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end report.  In January we send to the property owners, 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

Strasburg Rental Management Resources

Basics

Basic information about what rental managment in Strasburg.

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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 great renter in Strasburg 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 in Strasburg

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Vetting

How Nesbitt Realty checks the backgrounds of renters for property owners.

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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 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 local real estate market?

Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who wants to find out more about Strasburg and surrounding communities.  The Guide to Real Estate has facts regarding what has sold and what is currently listed, as well as many surprising facts that you may not be aware of.  In addition, our Guide has some fundamentals of residing in Strasburg.  Of course, all of this is helpful for purchasers and sellers, but real estate investors and renters will likely also find these resources to be somewhat useful.

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