How We Account For Rents and Expenditures For Our Landlord Clients

We are extra attentive with accounting issues.

As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. All of us work diligently to make sure that every property owner has the documentation 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 our profession: 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 rent received as well as any expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the landlord.

There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on 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 landlords, 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

Bentonville Rental Management Resources

Basics

Fundamental info about what property management in Bentonville.

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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 renter in Bentonville fast.

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Accounting

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

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Cost

An overview of fees associated with rental management services in Bentonville

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Vetting

How Nesbitt Realty vets 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 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 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 our community?

Nesbitt Realty's Guide to Real Estate is a helpful tool for everyone who needs to review important real estate information about Bentonville and surrounding communities.  The Guide to Real Estate compiles data regarding what has sold and what is on the market, and some surprising facts that you may not be aware of.  Also, our Guide highlights some assets of living in Bentonville.  Of course, all of this is interesting for purchasers and sellers, but property owners and renters will probably also find this data to be quite edifying.

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