5 Things to Know When Moving to Rockville, MD

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If you’re moving to Rockville, Maryland, you’ve got an exciting time ahead of you. You get all the fun of relocating to and exploring a new area, plus unbeatable views, great restaurants, and plenty of historical sites, hiking trails, and other fun things to do. You’ll be located a short drive from D.C. and an hour from Baltimore, too, in case you manage to exhaust the local options.

If you’re moving to Rockville, Maryland, you’ve got an exciting time ahead of you. You get all the fun of relocating to and exploring a new area, plus unbeatable views, great restaurants, and plenty of historical sites, hiking trails, and other fun things to do. You’ll be located a short drive from D.C. and an hour from Baltimore, too, in case you manage to exhaust the local options.

You’ve got a lot to do to pack and prepare, but we want you to have something to look forward to once you settle in. Here is your ultimate guide to all the perks of moving to Rockville. 

1. You become a part of Rockville’s rich history.

Rockville dates to the Colonial Era, making it one of Maryland’s oldest towns. Here are some great facts about about your new home area:

  • It was initially a humble assembly of the Montgomery Courthouse, a tavern, and some homes, but the arrival of a railroad depot aided the town’s growth. 
  • This new connection to the booming D.C. area brought many new workers and necessitated the development of residential communities. 
  • The original farming community has since transformed into a modern, metropolitan area without losing its charm. 
  • While maintaining a small-town, intimate feel, Rockville also offers lucrative employment opportunities. 
  • Some of the most prominent leaders in biomedical sciences and technology have found their way here, meaning you’ll have some truly fascinating neighbors.

Rockville has plenty of other experiences to enjoy as you add yourself to its legacy of success. Whether you’re a foodie, history buff, or tree-hugger, the city has endless options. You’re guaranteed to find your “me” in “hometown.” 

2. You can head into the great outdoors.

Nature fans will not be disappointed by the sights and landmarks Rockville has to offer. There’s no better place to start than the Rock Creek Regional Park. This 1,800 acre property boasts 13 miles of towering trees and lakeside views. It even served as the inspiration for Rockville’s name! There are plenty of other locations where you can explore and learn more about your surroundings, too. We highly recommend:

  • Civic Center Park
    Have you ever heard someone be told to “break a leg” while hiking a trail? Don’t worry if you do while enjoying the Civic Center Park! The land also hosts the F. Scott Fitzgerald Theater, which puts on fantastic shows throughout the year.
  • Meadowside Nature Center
    This attraction provides two-for-one fun for the whole family! Not only can you enjoy incredible scenery through the use of their many trails, but you can also learn something new in their crawl-through cave or animal exhibits.
  • Croydon Creek Nature Center
    This peaceful patch of land is the ideal place to unwind and encounter some new animal friends. While the trails can be enjoyed with no destination in mind, they can also be followed to reach the nature center’s turtles, snakes, and birds. 
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3. You get plenty of nights and bites out on the town.

Of course, you’ll need to stay fueled up for all of your adventures. A new town gives you the opportunity to find some new favorites, and Rockville is overflowing with options. Before you know it, you’ll have found a new go-to date night pick or your new weekend sports bar haunt.  Here’s a “sampler menu” of the great new tastes Rockville is serving up: 

  • Baronessa Italian Restaurant
    From wood fire pizzas to homemade pastas, this authentic Italian joint will give you the warmest benvenuto a Rockville!
  • Mykonos Grill
    Fortunately, you won’t have to go far to enjoy the winner of TripAdvisor’s 2020 Traveler’s Choice Award. The Mykonos Grill is located in the heart of Rockville and serves unbeatable Mediterranean flavors daily.
  • Matchbox
    Home is where you can get a good burger. Luckily for you, Matchbox on Rockville Pike is grilling up burgers and searing sea bass that fans have praised since they opened. 
Fancy dinner in Rockville

4. Rockville has historic must-stops.

Rockville may be your future, but what do you know about its past? If you’re ready to familiarize yourself with the fascinating history of your new home, we’ve compiled some crucial landmarks to add to your bucket list. 

  • Glenview Mansion
    This stunning home was once a favorite among visiting Washington big-wigs. Now, it’s open to the public, giving you the opportunity to explore a location on the National Registry for Historic Places!
  • St. Mary’s Catholic Church
    In 1817, St. Mary’s celebrated its very first Mass. Although the building has since seen many renovations, much of the original history and charm remains, and it grants visitors beautiful insight into the community and culture of Rockville.
  • The Beall-Dawson House and Museum
    The prestigious Upton Beall, clerk of the Montgomery County court, once called Rockville his home. The gorgeous brick building he and his family left behind has been transformed into a museum which houses rotating exhibits on the city’s progress. 

5. You have opportunities to build connections.

There are many ways to get involved in the Rockville community. It can be daunting to meet new neighbors and establish friend networks, but the city’s online calendar can keep you up-to-date on all social and volunteer opportunities. Community resources like the swim and fitness center are also a great way to meet people and take advantage of all the city has to offer. Ready to call Rockville your home? Nomadic Real Estate’s highly trained team of real estate experts is ready to help you rent, buy, sell, or manage a property in Rockville, and the rest of the Metro D.C. area. You’ve seen all that the city has to offer — all that’s missing is you! We’re happy to answer any questions and ensure that you find your place within this blossoming Maryland community, contact us.

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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:

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

Enhanced Rent Roll Report:

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:

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:

Income Statement by Month Report
  • 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:

Owner Portal Documents
  • 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:

Owner Portal Property Statement

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

Month over Month 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":

Commincation Dashboard Screenshot
  • 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:

Owner Portal New Message Screenshot

Responses will show up in the conversation ticket:

Portal Conversation Response Screenshot
  • 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:

Owner Portal Comment

Each conversation will be logged in its entirety:

Portal Conversation Snapshot

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:

Owner Ledger Dates
  • 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:

Ledger Property 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:

Owner Ledger Description Column
  • 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:

Owner Ledger Amount Column
  • 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:

Owner Ledger Account Balance Column
  • 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:

PW Portal Filters

View a snapshot of income and expenses on your dashboard:

PW Owner Dashboard View

See every transaction in real-time on your ledger:

Owner Portal Ledger View

Statements and forms will be posted to your documents library:

Owner Portal Document Library

View a suite of real-time financial reports:

Portal Reports View

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

Owner Portal Bills View

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

Portal Bill Details

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

Owner Portal Communication Tools

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. 

Net Distribution

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.