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

We are especially meticulous with fiduciary matters.

As rental managers it is our solemn charge to keep close track on every cent of income and each expense. Our staff work relentlessly to ensure that each property owner has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we employ 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. 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 expenses that we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the landlord.

There is no additional charge for the reports or the accounting. Not to mention, 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 statements into a year-end statement.  In January we mail the property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Edsall Park Property Management Resources

Basics

Fundamental info about what rental managment in Edsall Park.

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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 dependable renter in Edsall Park fast.

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Accounting

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

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Cost

A list of fees associated with rental management services in Edsall Park

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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.

Do you want know more about our area?

Our Guide to Real Estate is a handy resource for everyone who hopes to review important real estate information about Edsall Park and nearby communities.  The Guide to Real Estate includes information regarding what has sold and what is for sale, as well as a few shocking facts that you may not be aware of.  Not to mention, our Guide features some fundamentals of living in Edsall Park.  Yes, most of this is helpful for purchasers and sellers, but landlords and renters will also find the facts to be very sobering.

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Do you need advice about rental property management?

Talk to one of our experts about rental property in Virginia.