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

We are extremely attentive with fiduciary issues.

As property managers it is our solemn charge to keep close track on every cent of income and each expense. Our team work relentlessly to ensure that each property owner has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.

We always try 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 shows the rental income as well as any expenses which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the landlord.

There is no additional charge for the reports or the accounting. Furthermore, 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 reports into a year-end statement.  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 give the 1099 to your tax preparer.

 

rent manager
Nesbitt Realty uses Rent Manager

Whitlers Creek Ii Rental Management Resources

Basics

Fundamental info regarding management services in Whitlers Creek Ii.

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Getting Started

Learn more about getting started with rental property management

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Find A Tenant

Market your property to rent to find a reliable renter in Whitlers Creek Ii fast.

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Accounting

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

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Cost

A list of fees associated with rental management in Whitlers Creek Ii

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Vetting

How Nesbitt Realty checks the backgrounds of 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 need know more about this local real estate market?

Our Guide to Real Estate is a helpful tool for everyone who needs to learn more about Whitlers Creek Ii and surrounding areas.  The Guide to Real Estate has data about what has sold and what is on the market, and some interesting facts that you may not know.  Also, our Guide features some benefits of residing in Whitlers Creek Ii.  Of course, most of this is interesting for buyers and sellers, but rental investors and renters may also find this data to be quite useful.

Serving Whitlers Creek Ii

Nesbitt Realty provides award-winning property management services.

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