How We Account For Rents and Expenditures For Our Rental Owning Clients

We are especially attentive with money issues.

As rental property managers it is our solemn charge to account for every penny of rent and each expense. Our team work hard to ensure that each rental property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this task 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 rent received as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will show what monies we are holding on behalf of the rental 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. At the end of the year, we organize the monthly reports into a year-end statement.  In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

White Post Rental Management Resources

Basics

Elementary info regarding property management in White Post.

Learn More

Getting Started

Learn more about getting started with rental property management

Learn More

Find A Tenant

List your property to rent to find a great renter in White Post fast.

Learn More

Accounting

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

Learn More

Cost

A breakdown of fees associated with property management services in White Post

Learn More

Vetting

How Nesbitt Realty checks the backgrounds of tenants for our clients.

Learn More

Reserves

What is a contingency reserve account?

Learn More

Territory

Where does Nesbitt Realty manage rental property?

Learn More

Clients

Who uses Nesbitt Realty management services?

Learn More

Contact

Call (703)765-0300 to speak to a rental specialist now.

Email

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.

Should you understand more about the area?

Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to learn more about White Post and neighboring areas.  The Guide to Real Estate provides data about what has sold and what is on the market, as well as a few shocking facts that you might not be aware of.  In addition, our Guide spotlights quite a few of the fundamentals of residing in White Post.  Of course, all of this is interesting for buyers and sellers, but property owners and renters will also find these tools to be quite edifying.

Serving White Post