We are very serious about money details.
As property managers it is our solemn charge to keep close track on every penny of income and each expense. Our team work diligently to ensure that every rental investor has the documentation to understand exactly where is income is going to and coming from. To accomplish this task we employ 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. Rents 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 that we have paid on the real estate investor's behalf. The monthly statement is also available online. The statement will describe what monies we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never pads the price on 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 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
Elementary info about what management services 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 great 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
A breakdown 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.
Do you want know more about the area?
Our Guide to Real Estate is a helpful tool for anyone who wants to review important real estate information about Rockingham County and surrounding areas. The Guide to Real Estate provides information about what has sold and what is for sale, as well as a couple of compelling facts that you may not know. Also, our Guide highlights some aspects of residing in Rockingham County. Of course, all of this is useful for buyers and sellers, but rental investors and tenants will likely also find this information to be somewhat edifying.