We are extra conscientious regarding fiduciary matters.
As property managers it is our solemn charge to account for every cent of rent and each expense. Our team work hard to ensure that each real estate investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools in our profession: 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 shows the rental income as well as any bills that we have paid on the rental investor's behalf. The monthly statement is also available online. The monthly statement will show what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end statement. In January we mail the property owners, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Rockingham County Property Management Resources
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Basics
Basic information regarding rental managment 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 our clients.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rentals?
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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 area?
Nesbitt Realty's Guide to Real Estate is a free resource for anyone who hopes to investigate real estate facts about Rockingham County and neighboring areas. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, and a couple of compelling facts that you might not be aware of. Furthermore, our Guide has quite a few of the fundamentals of living in Rockingham County. Definitely, all of this is useful for buyers and sellers, but property owners and renters will also find these tools to be very eye-opening.