We are especially conscientious regarding financial matters.
As property managers it is our solemn charge to keep close track on every cent of rent and each expense. All of us work diligently to ensure that each rental investor has the opportunity to understand exactly where is money is going to and coming from. To accomplish this duty we use one of the most powerful programs in our profession: 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 rent received as well as any expenses that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will describe what monies 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. Annually, we organize the monthly reports into a year-end statement. In January we mail the landlords, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Wilton House Rental Management Resources
Basics
Elementary information regarding management services in Wilton House.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Wilton House fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
An overview of fees associated with rental management services in Wilton House
Vetting
How Nesbitt Realty vets tenants for our clients.
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 need know more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free tool for everyone who hopes to learn more about Wilton House and neighboring areas. The Guide to Real Estate includes data about what has sold and what is for sale, and a couple of compelling facts that you may not be aware of. Not to mention, our Guide spotlights quite a few of the elements of residing in Wilton House. Of course, all of this is interesting for purchasers and sellers, but landlords and renters will also find the facts to be very edifying.