How We Account For Rents and Expenditures For Our Landlord Clients

We are very serious about fiduciary matters.

As rental managers it is our duty to account for every cent of rent and each expense. Our staff work hard to make sure that each rental investor has the documentation to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: Rent Manager.

We always try 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 online. 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. Also, 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 rental 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

Jackson Woods Estates Property Management Resources

Basics

Basic information about what rental managment in Jackson Woods Estates.

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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 reliable renter in Jackson Woods Estates fast.

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Accounting

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

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Cost

A breakdown of fees associated with property management services in Jackson Woods Estates

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Vetting

How Nesbitt Realty vets 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 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.

Should you know more about this community?

Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to find out more about Jackson Woods Estates and neighboring communities.  The Guide to Real Estate includes facts regarding what has sold and what is for sale, as well as some surprising facts that you might not know.  Also, our Guide features quite a few of the aspects of life in Jackson Woods Estates.  Yes, all of this is helpful for purchasers and sellers, but owners and renters will likely also find this information to be quite informative.

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