We are extremely serious about financial issues.
As rental property managers it is our duty to reconcile every cent of income and each expense. All of us work diligently to ensure that each rental property owner has the documentation to see exactly where is money is going to and coming from. To accomplish this task we use one of the most powerful software tools in our profession: Rent Manager.
We strive 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 bills which we have paid on the rental property owner's behalf. The monthly statement is also available online. The statement will show what funds we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. And, Nesbitt Realty never pads the price on 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 rental property owners, and to the IRS, a 1099 stating the income for the rental property. Use the 1099 to prepare your taxes or simply hand the 1099 to your tax preparer.
Ballston Rental Management Resources
Basics
Fundamental info about what property management in Ballston.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a dependable renter in Ballston fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of prices of property management services in Ballston
Vetting
How Nesbitt Realty vets renters 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 want know more about our community?
Our Guide to Real Estate is a helpful tool for everyone who wants to find out more about Ballston and nearby communities. The Guide to Real Estate provides information regarding what has sold and what is currently listed, as well as a few compelling facts that you may not be aware of. Also, our Guide highlights some aspects of residing in Ballston. Definitely, all of this is helpful for purchasers and sellers, but landlords and tenants should also find these tools to be somewhat enlightening.