We are extra precise about accounting matters.
As rental managers it is our duty to account for every penny of rent and each expense. All of us work hard to ensure that each property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful software tools 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 rental income as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the rental investor.
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. At the end of the year, we compile the monthly statements into a year-end statement. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental. 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
Elementary info regarding 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 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 prices of property management services in Rockingham County
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Vetting
How Nesbitt Realty checks the backgrounds of 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 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.
Should you understand more about our community?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to find out more about Rockingham County and surrounding communities. The Guide to Real Estate includes information about what has sold and what is for sale, as well as a few compelling facts that you might not know. And, our Guide features quite a few of the benefits of residing in Rockingham County. Of course, all of this is helpful for buyers and sellers, but property owners and tenants will probably also find these resources to be somewhat eye-opening.