We are especially serious about fiduciary issues.
As property managers it is our solemn charge to account for every penny of rent and each expense. Our team work relentlessly to ensure that every landlord has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful software tools in our profession: Rent Manager.
We strive 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 which we have paid on the landlord's behalf. The monthly statement is also available online. The monthly statement will describe what reserves we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly statements into a year-end statement. In January we mail the landlords, 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
Basics
Elementary info about what management services in Rockingham County.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Rockingham County fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of prices of rental management services in Rockingham County
Vetting
How Nesbitt Realty checks the backgrounds of tenants for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 our community?
Our Guide to Real Estate is a helpful resource for everyone who wants to investigate real estate facts about Rockingham County and nearby communities. The Guide to Real Estate includes data about what has sold and what is currently listed, as well as a few shocking facts that you might not be aware of. Not to mention, our Guide has many of the fundamentals of residing in Rockingham County. As a matter of course, all of this is useful for buyers and sellers, but real estate investors and renters should also find these resources to be very eye-opening.