How We Account For Rents and Expenditures For Our Landlord Clients

We are extra meticulous with money details.

As rental managers it is our duty to reconcile every penny of income and each expense. Our staff work relentlessly to ensure that each landlord has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in the management business: Rent Manager.

We always try 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 which we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will show what monies we are holding on behalf of the rental property owner.

There is no additional charge for the reports or the accounting. Not to mention, 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 statements into a year-end report.  In January we mail the landlords, 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

Riverton Rental Management Resources

Basics

Basic information about what management services in Riverton.

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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 dependable tenant in Riverton fast.

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Accounting

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

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Cost

A list of fees associated with rental management in Riverton

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Vetting

How Nesbitt Realty checks the backgrounds of renters for landlords.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rental 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 need know more about this area?

Nesbitt Realty's Guide to Real Estate is a free tool for anyone who hopes to review important real estate information about Riverton and surrounding communities.  The Guide to Real Estate provides information about what has sold and what is on the market, as well as a few compelling facts that you might not know.  And, our Guide spotlights quite a few of the fundamentals of life in Riverton.  Of course, all of this is helpful for purchasers and sellers, but landlords and tenants should also find the facts to be quite edifying.

Serving Riverton

Do you need a rental property manager?

Learn more about our rental management services. We service landlords in Virginia.