We are extra meticulous with accounting details.
As rental property managers it is our duty to keep close track on every cent of rent and each expense. Our staff work hard to ensure that each property owner has the opportunity to understand exactly where is money 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. Funds are deposited into an escrow account (not into our operating account). We prepare a monthly statement that shows the rent received as well as any expenses that we have paid on the property owner's behalf. The monthly statement is also available online. The monthly statement will show what funds 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 organize the monthly reports into a year-end report. In January we send to the rental investors, 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 Property Management Resources
Basics
Fundamental information regarding rental managment 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 landlords?
Cost
A breakdown of fees associated with rental management services in Wilton House
Vetting
How Nesbitt Realty vets renters for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental 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 the community?
Our Guide to Real Estate is a handy resource for everyone who wants to review important real estate information about Wilton House and neighboring communities. The Guide to Real Estate has facts about what has sold and what is for sale, and many interesting facts that you might not know. In addition, our Guide has quite a few of the elements of living in Wilton House. As a matter of course, all of this is interesting for purchasers and sellers, but rental investors and tenants may also find the facts to be quite informative.