We are very careful with accounting issues.
As rental managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work relentlessly to ensure that each rental property owner has the tools and paperwork to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.
We strive 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 rent received as well as any bills which we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Not to mention, 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 mail the rental investors, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Rockingham County Property Management Resources
Basics
Fundamental information regarding management services in Rockingham County.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a dependable tenant in Rockingham County fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of prices of property management services in Rockingham County
Vetting
How Nesbitt Realty vets tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 helpful tool for anyone who wants to review important real estate information about Rockingham County and neighboring communities. The Guide to Real Estate has facts about what has sold and what is currently listed, as well as a couple of surprising facts that you may not know. Furthermore, our Guide has quite a few of the benefits of residing in Rockingham County. Of course, most of this is interesting for buyers and sellers, but property owners and renters may also find these resources to be somewhat useful.