We are especially conscientious regarding fiduciary details.
As rental managers it is our solemn charge to reconcile every cent of rent and each expense. All of us work diligently to ensure that each rental property owner has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this duty we employ one of the most powerful programs in the management business: 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 rental income as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we organize the monthly reports into a year-end statement. In January we send to the rental property owners, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Great Falls Rental Management Resources
Basics
Basic info regarding management services in Great Falls.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Great Falls fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A list of prices of property management services in Great Falls
Vetting
How Nesbitt Realty vets 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.
Do you need know more about the local real estate market?
Our Guide to Real Estate is a handy tool for anyone who needs to find out more about Great Falls and nearby areas. The Guide to Real Estate compiles information regarding what has sold and what is on the market, and a few compelling facts that you may not know. And, our Guide features quite a few of the benefits of life in Great Falls. Definitely, all of this is interesting for buyers and sellers, but property owners and renters might also find the facts to be quite useful.