How We Account For Rents and Expenditures For Our Management Clients

We are especially meticulous with financial details.

As rental managers it is our duty to keep close track on every penny of rent and each expense. Our team work relentlessly to ensure that each rental property owner has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: 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 rent received as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies we are holding on behalf of the real estate investor.

There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up 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 real estate investors, 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

Riverton Property Management Resources

Basics

Basic info regarding rental managment in Riverton.

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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 great renter in Riverton 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

A breakdown of prices of rental management services in Riverton

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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 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 understand more about this area?

Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Riverton and surrounding communities.  The Guide to Real Estate has data regarding what has sold and what is on the market, and a couple of interesting facts that you might not be aware of.  And, our Guide features some aspects of life in Riverton.  Yes, all of this is useful for purchasers and sellers, but property owners and tenants may also find these tools to be very eye-opening.

Serving Riverton

Do you need a rental property manager?

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