We are extra meticulous with accounting issues.
As rental managers it is our solemn charge to reconcile every cent of rent and each expense. Our team work diligently to make sure that every rental property owner has the opportunity to see exactly where is income is going to and coming from. To accomplish this task we work with 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 shows the rental income as well as any expenses which we have paid on the landlord's behalf. The monthly statement is also available electronically. The statement will describe what reserves we are holding on behalf of the real estate investor.
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. Annually, we organize the monthly reports into a year-end statement. In January we mail the rental property owners, 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
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Basics
Basic information about what rental managment 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
List your property to rent to find a reliable tenant in Rockingham County fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
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Cost
A list of fees associated with 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 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 know more about the community?
Our Guide to Real Estate is a handy resource for everyone who needs to investigate real estate facts about Rockingham County and neighboring communities. The Guide to Real Estate includes facts regarding what has sold and what is on the market, as well as a few shocking facts that you might not be aware of. Furthermore, our Guide features many of the assets of life in Rockingham County. Definitely, most of this is helpful for purchasers and sellers, but owners and renters will also find these resources to be very useful.