We are especially precise about financial details.
As rental managers it is our duty to account for every penny of income and each expense. All of us work hard to make sure that every landlord has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we work with one of the most powerful programs in the management business: Rent Manager.
We always try 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 rent received as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the rental property owner.
There is no additional charge for the reports or the accounting. Furthermore, 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 rental property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Rockingham County Property Management Resources
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Basics
Fundamental info regarding property management 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 renter 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
An overview of fees associated with property management services in Rockingham County
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Vetting
How Nesbitt Realty vets 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 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 want understand more about our community?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to investigate real estate facts about Rockingham County and nearby areas. The Guide to Real Estate has data regarding what has sold and what is on the market, as well as some compelling facts that you may not know. Also, our Guide highlights some aspects of residing in Rockingham County. Of course, most of this is useful for buyers and sellers, but landlords and tenants will also find these resources to be quite informative.