The Montgomery County First-Time Homebuyer Program 1

The Montgomery County First-Time Homebuyer Program

By Devin Henry | February 23, 2022

You’ve saved, you’ve planned, you’ve dreamed, and now you’re finally ready – it’s time to buy your own home! Buying your first home is incredibly exciting, but the process can also be daunting […]

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Exploring the Round House Theatre National Capital New Play Festival

By Devin Henry | February 19, 2022

Washington D.C. is a diverse landmark full of historical significance and endless possibilities. Home to nearly 700,000 residents, there are plenty of things to see and do in and around DC. Whether you’re […]

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DC Open Doors: Everything You Need To Know

By Devin Henry | February 12, 2022

Living in historic Washington, DC is an unparalleled experience. The heart of our nation’s government delivers an exciting mix of culture, history, and nature. With so much to offer, homes in the city […]

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Washington DC Neighborhood Map: Where to Buy In 2022

By Devin Henry | February 5, 2022

Washington DC is an area within the US that is rife with history and culture. Neighborhoods in Washington DC vary from up-and-coming to popular and expensive. Although it might seem overwhelming, it’s not as […]

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The 7 Best DC Suburbs to Own Rental Property

By Devin Henry | December 3, 2021

It is no secret that real estate markets across the entire country are hotter than ever before in recent years. This means that those who are looking to get involved in real estate should do […]

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How to Design a Dentist Operatory for Your Practice

By Devin Henry | November 10, 2021

7 Tips for Designing a Dentist Operatory A dentist operatory is perhaps the most critical area inside the office. This room is where staff treat patients, making it vital to the overall functionality […]

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Brunch table with waffles, berries, sparkling mimosas, and other dishes you might find at brunch in McLean, VA

Our Guide to The Best Spots for Brunch in McLean, VA

By Devin Henry | October 6, 2021

McLean is a cultural hub of Virginia, but it’s also a key nerve center of Mid-Atlantic transportation. The constant traffic means many new faces passing through, and McLean aims to provide something delicious […]

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Maryland Welcomes You” road sign, which you might see on your way to brunch in Potomac.

8 Spots to Try for Brunch in Potomac, Maryland

By Devin Henry | September 8, 2021

Potomac’s cozy, suburban atmosphere lends itself to easy living. The city park system is extensive and includes everything required to keep the whole family healthy and active, including myriad trails, playgrounds, sports facilities, […]

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Condo vs. House: Which Properties Are Easier to Manage?

By Devin Henry | February 19, 2021

There’s a reason why the property management industry is expected to be worth $22 billion by 2023. Investors can make a lot of money by purchasing properties and managing them for tenants. However, this […]

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What Can I Do About a Low Home Appraisal?

By Devin Henry | January 26, 2021

The right valuation of your property is critical at all stages of ownership, from the first day you walk through it to the day you finally sell it. A home appraisal can determine […]

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Renovation Tips: Best Colors and Combos for a Rental Property

By Drew Maddox and Phoebe Bejarano | September 2, 2020

When thinking about renovating a rental property, it is important to establish a color scheme or palette to use as a guide when making your design selections. This will allow your home to […]

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6 Essential Questions to Ask Before Investing in Dupont Circle Properties

By Devin Henry | February 27, 2020

DuPont Circle is one of the neighborhoods that anchors the entire District of Columbia. When people think of DC, they think of the National Mall and the international, blended character of DuPont.  Exploring […]

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The United States Capitol Building in Washington DC

The Best Home Investments Down the Red Line

By Will Murry | February 11, 2020

Washington, DC is our nation’s capital, and it’s also a bustling part of the country with an endless array of fantastic neighborhoods to choose from and home investments to indulge in. If you […]

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The DC Green Line: 6 Best Home Investments

By Jenna Rieling | February 7, 2020

If you’re looking to invest in DC real estate, look no further than the Metro’s Green Line. The Green Line has 21 different stations in Washington DC and Prince George’s County, Maryland. It […]

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The DC Metropolitan Area Orange Line Investments

By Devin Henry | January 15, 2020

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5 Fun Reasons You Should Move To Silver Spring

By Nomadic Real Estate | November 22, 2019

Did you know that Silver Spring Maryland is only 7 miles from Washington D.C.? Whether you’re looking for an easy commute to the city or live close by, there’s something for everyone.  This […]

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Find Out Why Our Clients Love Us

If this is your first time leasing your property or you’ve had a bad experience with other property managers, get in touch to schedule an initial consultation with us today. We will walk you through a personalized market analysis of your home and give you our professional recommendations of services needed. As always, our initial consults are always free, and in person. Reach out and get started today!

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Enhanced Reporting

Your portal includes a selection of extremely useful reports. Reports are available in the “Reports” section, and are distinct from the financial statements. Unlike financial statements which are static records, Reports are dynamic real-time records that will update with current data every time you view them. 

Scroll down to learn more about Reports:

Navigate to the "Reports" module in your portal:

  • Keep in mind, these reports are dynamic records. They will refresh to display current information every time you view them. 

Enhanced Rent Roll Report:

  • The Enhanced Rent Roll Report will show the rent amount, last payment date, move-in date, lease expiration date, and security deposit amount for each of your tenants. 
  • It will also show a portfolio summary with occupancy percentage, vacancy loss, and more!

Unit Comparison Report:

  • If you own multiple units (or buildings) with Nomadic, you’ll get access to the Unit Comparison Report. 
  • This report enables you to quickly compare financial performance between your units at a glance without toggling between individual reports. 

Income Statement Month-Over-Month:

  • The Income Statement Detail – Monthly Report serves as a month-over-month record of portfolio performance. You’ll see itemized income and expense categories and can track monthly. This report will update with fresh data every time you view it. 

Financial Statements

Financial statements will be published to your portal on a monthly basis. The statements are found in your Documents library, and provide a historical record of all financial performance. The statements serve as a snapshot of financial performance over a given period, and are static documents (unlike Reports, the statements do not update/change in real-time). 

Scroll down for more info about the Financial Statements in your Documents library:

The Documents area contains monthly financial statements:

  • The statements in the Documents are are static documents. They are posted to the portal once a month to serve as a historical record of financial performance. 

Download a statement to see month and YTD financials:

You'll also find a month-over-month operating statement:

Portal Communication Tool

You can use your owner portal to communicate with our team. Any messages you send through the portal will go straight to your Account Manager. When we reply, you’ll get an email notification and you’ll also see the message in your portal next time you log in. 

Here’s an overview of using the communication platform:

Click "Communications" and navigate to "Conversations":

  • The communications module will contain a record of all messages that you create through the portal. 

Click the "New Message" button and send your message:

Responses will show up in the conversation ticket:

  • You’ll get an email notification whenever you get a response, and you’ll also see the message in your portal next time you log in. 

You can reply in-line using the comment box:

Each conversation will be logged in its entirety:

Understanding the Ledger

Your portal includes a ledger with all transactions. The ledger is populated with data in real-time as transactions flow through our accounting software. Much of this information is also available in the Reports area, as well as the Statements in your Documents library, but the ledger is the most comprehensive resource for diving into the details. 

Please scroll through the sections below to get a better understanding of how to interpret the ledger. 

By default, transactions are sorted chronologically:

  • The date reflected in the lefthand column is the actual transaction date, not the “bill date”. This is the date the transaction was actually processed. 

If you have multiple properties with Nomadic, you'll see the address for each transaction in the "Location" column:

  • You can filter the ledger to look at just one property, all properties, or specific sets of properties. 
  • If you only have one property with us, you’ll just see the ledger for that property. 

The Description column displays the transaction type:

  • BILL: this is an expense transaction, such as for repair costs or management fees.
  • CHARGE: this is a transaction  billed to the tenant, most typically a rent payment. 
  • NACHA EXPORT: this is a credit we processed to your distribution account. This type of transaction is how you get paid! 

The Amount column shows the dollar value of each transaction:

  • Positive Amounts: if an amount is positive, it reflects a transaction that is payable to you. Typically, this will be a rent payment that we collected from your tenants. On occasion, a positive number could also signify a journal entry or credit adjustment. 
  • Negative Amounts:  if an amount is negative, this is a transaction that is either payable to Nomadic or is an amount that has already been paid to you. Typically this will be for repair costs or management/leasing fees. Owner draws (net distributions into your checking/savings account) also reflect as negative amounts, since they have already been paid to you. 

The Account Balance column shows a sum of positive/negative transactions at a given point in time:

  • Account Balance should always equal zero after a net distribution has been processed. When the balance is zero, this means that all expenses have been paid and you’ve received the remainder as net operating income, leaving a balance of zero (meaning: no one is due any money, as all funds have been distributed appropriately). 

Navigating the Propertyware Owner Portal

Your portal includes some extremely useful features that help you understand your property’s financial performance at a new level, with real-time transparency into every transaction.

Scroll through the snapshots below for an overview of portal navigation! If you need more help or have specific questions about using the portal, you can reach out to your Account Manager any time for a screen share. 

You can filter all info by date range or property:

View a snapshot of income and expenses on your dashboard:

See every transaction in real-time on your ledger:

Statements and forms will be posted to your documents library:

View a suite of real-time financial reports:

See a running list of all bills, and drill down for more detail:

Under Bill Details, you'll find dates/descriptions/amounts and more:

You can also communicate with your Account Manager through the portal:

How do net distributions work?

Net distributions keep your accounting clean and simple. Each month we’ll collect rent from the tenants, deduct any repair expenses for the previous month and any management/leasing fees for the current month, and credit the remaining net operating income to your account. 

You’ll receive a statement via email each time a net distribution is processed, and can view all transaction details in your Propertyware owner portal.