How We Account For Rents and Expenditures For Our Landlord Clients

We are very careful with financial matters.

As property managers it is our duty to reconcile every cent of rent and each expense. Our staff work diligently to ensure that each property owner has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools in our profession: Rent Manager.

We usually 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 that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds we are holding on behalf of the real estate 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 compile the monthly reports into a year-end report.  In January we mail 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 give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Shawneeland Property Management Resources

Basics

Elementary info regarding rental managment in Shawneeland.

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Getting Started

Learn more about getting started with property management

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Find A Tenant

Market your property to rent to find a great renter in Shawneeland 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

An overview of fees associated with rental management in Shawneeland

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Vetting

How Nesbitt Realty checks the backgrounds of tenants for landlords.

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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.

Should you know more about the area?

Nesbitt Realty's Guide to Real Estate is a handy tool for everyone who needs to review important real estate information about Shawneeland and nearby communities.  The Guide to Real Estate provides facts regarding what has sold and what is for sale, and many compelling facts that you may not be aware of.  And, our Guide spotlights some fundamentals of life in Shawneeland.  Yes, all of this is useful for buyers and sellers, but owners and renters may also find these resources to be somewhat eye-opening.

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