How We Account For Rents and Expenditures For Our Management Clients

We are especially serious about financial matters.

As property managers it is our duty to keep close track on every cent of rent and each expense. Our staff work diligently to ensure that each real estate investor has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: Rent Manager.

We strive 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 which we have paid on the rental investor's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the rental investor.

There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly reports into a year-end report.  In January we mail the rental investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Northern Virginia Rental Management Resources

Basics

Basic information about what management services in Northern Virginia.

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Getting Started

Learn more about getting started with property management

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Find A Tenant

List your property to rent to find a reliable tenant in Northern Virginia fast.

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Accounting

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

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Cost

An overview of prices of property management services in Northern Virginia

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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 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.

Do you want understand more about our area?

Nesbitt Realty's Guide to Real Estate is a helpful tool for anyone who needs to find out more about Northern Virginia and neighboring communities.  The Guide to Real Estate has facts about what has sold and what is currently listed, as well as many compelling facts that you may not be aware of.  Furthermore, our Guide highlights many of the fundamentals of life in Northern Virginia.  As might be expected, all of this is interesting for buyers and sellers, but real estate investors and tenants might also find this data to be very eye-opening.

Serving Northern Virginia