We are extremely attentive with financial details.
As rental property managers it is our duty to keep close track on every cent of rent and each expense. Our team work relentlessly to make sure that each rental investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools 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 rental income as well as any bills which we have paid on the property owner's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never marks up 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 mail the 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 Rental Management Resources
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Basics
Elementary info regarding property management in Rockingham County.
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Getting Started
Learn more about getting started with rental property management
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Find A Tenant
Market your property to rent to find a dependable renter 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
An overview of prices of rental 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 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 need understand more about the local real estate market?
Our Guide to Real Estate is a handy tool for anyone who needs to review important real estate information about Rockingham County and surrounding areas. The Guide to Real Estate includes information regarding what has sold and what is on the market, and a couple of shocking facts that you might not know. Not to mention, our Guide features quite a few of the benefits of life in Rockingham County. Of course, all of this is interesting for buyers and sellers, but landlords and tenants might also find these tools to be quite enlightening.