We are especially attentive with money details.
As rental property managers it is our solemn charge to account for every penny of income and each expense. Our team work diligently to make sure that every real estate investor has the documentation to understand 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.
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 rent received as well as any bills that we have paid on the rental property owner's behalf. The monthly statement is also available online. The monthly report will show what funds 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. Annually, we compile the monthly statements into a year-end statement. In January we send to the landlords, 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 Property Management Resources
Basics
Elementary information about what rental managment in Rockingham.
Getting Started
Learn more about getting started with property management
Find A Tenant
Market your property to rent to find a great renter in Rockingham fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A breakdown of fees associated with rental management services in Rockingham
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental property?
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 community?
Our Guide to Real Estate is a free tool for anyone who hopes to investigate real estate facts about Rockingham and nearby areas. The Guide to Real Estate compiles information about what has sold and what is currently listed, and many surprising facts that you might not be aware of. Also, our Guide highlights many of the elements of residing in Rockingham. Definitely, most of this is helpful for purchasers and sellers, but owners and renters might also find this data to be somewhat eye-opening.