We are very precise about financial issues.
As rental property managers it is our duty to reconcile every cent of rent and each expense. Our staff work relentlessly to ensure that every landlord has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we use 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 shows the rental income as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Not to mention, 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 report. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Bryce Mountain Resort Rental Management Resources
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 understand more about our local real estate market?
Our Guide to Real Estate is a free resource for anyone who hopes to review important real estate information about Bryce Mountain Resort and neighboring communities. The Guide to Real Estate provides facts about what has sold and what is for sale, as well as a couple of interesting facts that you might not be aware of. Also, our Guide highlights some benefits of living in Bryce Mountain Resort. As a matter of course, all of this is useful for purchasers and sellers, but landlords and renters should also find the facts to be very edifying.