We are extra conscientious regarding financial matters.
As rental property 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 every landlord has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in our profession: Rent Manager.
We usually 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 states the rent received as well as any expenses that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will describe what monies we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile 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 property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Rockingham County Property Management Resources
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Basics
Fundamental information about what management services in Rockingham County.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
List your property to rent to find a great tenant in Rockingham County 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 prices of rental management in Rockingham County
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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?
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 understand more about our area?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who needs to find out more about Rockingham County and neighboring communities. The Guide to Real Estate includes data about what has sold and what is on the market, and many shocking facts that you might not know. Also, our Guide has some elements of life in Rockingham County. Yes, most of this is helpful for buyers and sellers, but real estate investors and renters may also find these tools to be quite enlightening.