We are very attentive with money issues.
As property managers it is our solemn charge to reconcile every cent of income and each expense. Our team work relentlessly to make sure that each real estate investor has the documentation to know 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 always try 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 states the rent received as well as any expenses which we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will describe what reserves we are holding on behalf of the landlord.
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 statement. In January we send to the real estate investors, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Wilton House Rental Management Resources
Basics
Fundamental info 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 dependable renter in Wilton House 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 Wilton House
Vetting
How Nesbitt Realty checks the backgrounds of tenants 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 free tool for everyone who hopes to find out more about Wilton House and surrounding communities. The Guide to Real Estate has data about what has sold and what is on the market, and many compelling facts that you might not know. Not to mention, our Guide highlights some fundamentals of life in Wilton House. As might be expected, most of this is interesting for buyers and sellers, but owners and tenants will probably also find these resources to be very informative.