We are especially precise about accounting details.
As property managers it is our solemn charge to keep close track on every penny of income and each expense. Our team work relentlessly to make sure that each landlord has the documentation to know exactly where is income is going to and coming from. To accomplish this duty we employ one of the most powerful programs in our profession: Rent Manager.
We always try 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 states the rental income as well as any bills that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly report will show what reserves we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. In addition, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end report. In January we mail the property owners, 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.
Wilton House Property Management Resources
Basics
Basic info regarding property management in Wilton House.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in Wilton House fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
An overview of fees associated with rental management services in Wilton House
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 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 want understand more about our area?
Our Guide to Real Estate is a helpful resource for anyone who hopes to find out more about Wilton House and nearby communities. The Guide to Real Estate compiles data regarding what has sold and what is for sale, as well as a couple of shocking facts that you may not know. Furthermore, our Guide spotlights many of the aspects of residing in Wilton House. Of course, most of this is interesting for buyers and sellers, but rental investors and renters will also find this data to be somewhat enlightening.