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

We are extra precise about financial matters.

As property managers it is our duty to reconcile every penny of rent and each expense. Our staff work relentlessly to ensure that each rental investor has the documentation to see exactly where is income is going to and coming from. To accomplish this duty we use one of the most powerful programs in the management business: Rent Manager.

We usually 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 rental income as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the property owner.

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. Annually, we compile the monthly statements into a year-end statement.  In January we send to the property owners, 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

Cameron Homes Property Management Resources

Basics

Fundamental info regarding management services in Cameron Homes.

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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 Cameron Homes fast.

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Accounting

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

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Cost

An overview of fees associated with property management services in Cameron Homes

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Vetting

How Nesbitt Realty checks the backgrounds of renters for property owners.

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rental 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 local real estate market?

Nesbitt Realty's Guide to Real Estate is a free tool for everyone who wants to investigate real estate facts about Cameron Homes and nearby areas.  The Guide to Real Estate includes information about what has sold and what is for sale, and many interesting facts that you may not be aware of.  Furthermore, our Guide has some fundamentals of life in Cameron Homes.  Of course, all of this is interesting for purchasers and sellers, but owners and tenants might also find the facts to be very enlightening.

Serving Cameron Homes

Nesbitt Realty provides award-winning property management services.

Learn more about how we can help you achieve your real estate goals.