We are especially conscientious regarding fiduciary matters.
As rental property managers it is our duty to reconcile every cent of rent and each expense. Our team work hard to make sure that every rental investor has the tools and paperwork to understand exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in our profession: Rent Manager.
It is our practice 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 states the rent received as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will show what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. At the end of the year, we organize 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.
Riverton Rental Management Resources
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Basics
Elementary information regarding management services in Riverton.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
Market your property to rent to find a great renter in Riverton fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
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Cost
A breakdown of prices of property management services in Riverton
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Vetting
How Nesbitt Realty vets tenants for our clients.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rentals?
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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.
Should you understand more about our local real estate market?
Our Guide to Real Estate is a handy tool for everyone who hopes to investigate real estate facts about Riverton and neighboring communities. The Guide to Real Estate compiles data regarding what has sold and what is on the market, and a couple of compelling facts that you may not be aware of. Furthermore, our Guide has quite a few of the aspects of life in Riverton. Yes, most of this is interesting for purchasers and sellers, but rental investors and tenants may also find these tools to be somewhat edifying.