We are extra serious about financial matters.
As rental property managers it is our duty to reconcile every penny of income and each expense. Our staff work diligently to make sure that every landlord has the documentation to know exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful programs in our profession: Rent Manager.
We strive 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 rental income as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly report will describe what monies 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. Annually, we organize the monthly reports into a year-end statement. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Rockingham County Rental Management Resources
-
Basics
Elementary info about what property management in Rockingham County.
-
Getting Started
Learn more about getting started with rental property management
-
Find A Tenant
List your property to rent to find a dependable tenant in Rockingham County fast.
-
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
-
Cost
A list of fees associated with rental management services in Rockingham County
-
Vetting
How Nesbitt Realty vets tenants for our clients.
-
Reserves
What is a contingency reserve account?
-
Territory
Where does Nesbitt Realty manage rental investments?
-
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.
Should you know more about our community?
Our Guide to Real Estate is a free resource for everyone who needs to review important real estate information about Rockingham County and neighboring communities. The Guide to Real Estate has data about what has sold and what is for sale, as well as many compelling facts that you might not be aware of. Furthermore, our Guide highlights quite a few of the aspects of residing in Rockingham County. Yes, most of this is helpful for purchasers and sellers, but landlords and tenants might also find this information to be very enlightening.