We are extra precise about financial issues.
As property managers it is our duty to reconcile every penny of rent and each expense. Our team work hard to make sure that every landlord has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we work with one of the most powerful software tools in the management business: Rent Manager.
We strive to process and deposit rents on the same day they are received. Rents 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 statement will show what reserves we are holding on behalf of the landlord.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we send to 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 hand the 1099 to your tax preparer.
Riverton Rental Management Resources
Basics
Basic information regarding property management in Riverton.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Riverton 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 Riverton
Vetting
How Nesbitt Realty checks the backgrounds of renters for property owners.
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 need understand more about our local real estate market?
Our Guide to Real Estate is a free resource for everyone who wants to investigate real estate facts about Riverton and surrounding communities. The Guide to Real Estate includes data about what has sold and what is for sale, as well as a few interesting facts that you might not know. Not to mention, our Guide highlights many of the aspects of life in Riverton. Definitely, most of this is useful for buyers and sellers, but rental investors and renters might also find these resources to be somewhat eye-opening.