We are very careful with accounting details.
As rental property managers it is our duty to account for every cent of rent and each expense. Our team work relentlessly to make sure that every landlord has the opportunity to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful software tools in our profession: Rent Manager.
It is our practice 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 states the rent received as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly report will show what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. Annually, we compile the monthly statements into a year-end statement. In January we send to the rental investors, and to the IRS, a 1099 stating the income for the rental. 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 about what property management 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 reliable renter 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 breakdown of fees associated with rental management in Rockingham County
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Vetting
How Nesbitt Realty vets renters for landlords.
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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.
Do you need know more about our local real estate market?
Our Guide to Real Estate is a handy tool for everyone who wants to learn more about Rockingham County and surrounding communities. The Guide to Real Estate provides data about what has sold and what is for sale, as well as some shocking facts that you might not know. In addition, our Guide highlights quite a few of the elements of life in Rockingham County. Yes, all of this is interesting for buyers and sellers, but landlords and renters will probably also find this data to be somewhat edifying.