How We Account For Rents and Expenditures For Our Landlord Clients

We are very careful with money details.

As rental managers it is our duty to keep close track on every cent of rent and each expense. Our staff work diligently to ensure that every property owner has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful software tools in the management business: 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 rental income as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will show what funds we are holding on behalf of the real estate 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. Annually, we compile the monthly statements into a year-end report.  In January we mail the real estate 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

Warren County Rental Management Resources

Basics

Elementary information regarding rental managment in Warren County.

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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 Warren County 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 list of fees associated with rental management services in Warren County

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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 rental investments?

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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.

Do you need understand more about this community?

Nesbitt Realty's Guide to Real Estate is a helpful resource for everyone who wants to investigate real estate facts about Warren County and surrounding communities.  The Guide to Real Estate compiles information regarding what has sold and what is currently listed, and some shocking facts that you may not be aware of.  And, our Guide spotlights some fundamentals of residing in Warren County.  Naturally, all of this is useful for purchasers and sellers, but property owners and renters will probably also find these tools to be quite eye-opening.

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