We are especially attentive with money matters.
As rental property managers it is our solemn charge to account for every cent of rent and each expense. Our staff work diligently to ensure that every landlord has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in our profession: Rent Manager.
We strive 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 rental investor's behalf. The monthly statement is also available electronically. The statement will show what funds we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we mail the real estate 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 Rental Management Resources
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Basics
Basic info 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 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 fees associated with property management services in Rockingham County
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Vetting
How Nesbitt Realty vets renters for our clients.
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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 understand more about the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to learn more about Rockingham County and nearby areas. The Guide to Real Estate compiles information regarding what has sold and what is for sale, as well as a few compelling facts that you may not be aware of. Furthermore, our Guide spotlights many of the fundamentals of life in Rockingham County. Certainly, most of this is interesting for buyers and sellers, but landlords and renters will also find this information to be quite useful.