We are extremely attentive with fiduciary matters.
As rental property managers it is our duty to keep close track on every penny of rent and each expense. Our staff work relentlessly to ensure that every rental investor has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 rent received as well as any expenses that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly report will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up 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 landlords, 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.
Rockingham County Rental Management Resources
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Basics
Basic info about what management services in Rockingham County.
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Getting Started
Learn more about getting started with rental property management
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Find A Tenant
List your property to rent to find a great renter in Rockingham County fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
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Cost
An overview of fees associated with rental management services in Rockingham County
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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 rental investments?
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Clients
Who uses Nesbitt Realty management services?
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 our community?
Our Guide to Real Estate is a free tool for anyone who wants to learn more about Rockingham County and surrounding communities. The Guide to Real Estate includes data regarding what has sold and what is currently listed, as well as a few interesting facts that you may not be aware of. And, our Guide features many of the benefits of residing in Rockingham County. Certainly, all of this is helpful for purchasers and sellers, but landlords and renters might also find this data to be very sobering.