We are especially meticulous with money details.
As property managers it is our duty to reconcile every penny of rent and each expense. Our staff work diligently 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 task we work with one of the most powerful programs in the management business: Rent Manager.
It is our practice 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 bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will describe what funds we are holding on behalf of the rental property owner.
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 reports into a year-end report. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Rockingham County Rental Management Resources
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Basics
Basic 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
Market 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 landlords?
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Cost
A breakdown of prices of rental management services in Rockingham County
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Vetting
How Nesbitt Realty vets renters for landlords.
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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.
Should you know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to learn more about Rockingham County and nearby communities. The Guide to Real Estate compiles information about what has sold and what is on the market, and a few shocking facts that you may not be aware of. In addition, our Guide features some benefits of life in Rockingham County. Of course, all of this is interesting for buyers and sellers, but landlords and renters will likely also find these resources to be very informative.