We are very meticulous with financial details.
As rental property managers it is our solemn charge to keep close track on every cent of income and each expense. All of us work hard to ensure that each rental investor has the tools and paperwork to see exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful programs in the management business: Rent Manager.
We usually 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 monthly statement will show what funds we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on the repairs, nor do we charge a fee per repair. At the end of the year, we compile the monthly reports into a year-end report. In January we mail the rental investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Williamstown Rental Management Resources
Basics
Elementary info about what rental managment in Williamstown.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Williamstown fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of fees associated with property management services in Williamstown
Vetting
How Nesbitt Realty vets renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 want understand more about the area?
Our Guide to Real Estate is a helpful resource for anyone who hopes to learn more about Williamstown and nearby areas. The Guide to Real Estate compiles data about what has sold and what is for sale, as well as some shocking facts that you may not be aware of. Also, our Guide spotlights many of the assets of living in Williamstown. Yes, all of this is helpful for purchasers and sellers, but rental investors and renters will also find these tools to be somewhat eye-opening.