We are especially conscientious regarding fiduciary details.
As rental managers it is our duty to account for every cent of income and each expense. All of us work diligently to make sure that every rental investor has the tools and paperwork to understand exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools in the management business: 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 shows the rent received as well as any bills which we have paid on the rental investor's behalf. The monthly statement is also available electronically. The monthly report 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. Furthermore, 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 report. In January we send to the landlords, and to the IRS, a 1099 stating the income for the rental. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Wilton House Rental Management Resources
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 the community?
Our Guide to Real Estate is a helpful resource for anyone who hopes to investigate real estate facts about Wilton House and neighboring areas. The Guide to Real Estate provides information regarding what has sold and what is for sale, and a couple of interesting facts that you may not know. Furthermore, our Guide features quite a few of the assets of life in Wilton House. Naturally, all of this is interesting for buyers and sellers, but rental investors and tenants may also find this information to be very useful.