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

We are very meticulous with fiduciary issues.

As rental managers it is our duty to keep close track on every penny of rent and each expense. Our team work diligently to make sure that each real estate investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we use 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 bills which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the landlord.

There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end statement.  In January we mail the rental investors, 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

Bryce Mountain Resort Property Management Resources

Basics

Basic info about what rental managment in Bryce Mountain Resort.

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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 tenant in Bryce Mountain Resort 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 breakdown of prices of rental management services in Bryce Mountain Resort

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Vetting

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

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Reserves

What is a contingency reserve account?

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Territory

Where does Nesbitt Realty manage rentals?

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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 understand more about the local real estate market?

Our Guide to Real Estate is a handy resource for anyone who wants to review important real estate information about Bryce Mountain Resort and nearby areas.  The Guide to Real Estate has facts about what has sold and what is on the market, and a few surprising facts that you might not know.  And, our Guide features quite a few of the assets of residing in Bryce Mountain Resort.  Of course, most of this is interesting for buyers and sellers, but landlords and renters may also find these resources to be quite useful.

Serving Bryce Mountain Resort

Do you need a rental property manager?

Learn more about our rental management services. We service landlords in Virginia.