We are very attentive with fiduciary issues.
As rental property managers it is our solemn charge to account for every cent of income and each expense. All of us work relentlessly to ensure that each real estate investor has the tools and paperwork to see 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.
It is our practice 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 rental income as well as any bills that we have paid on the property owner's behalf. The monthly statement is also available electronically. The monthly report will describe what monies we are holding on behalf of the rental property owner.
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 statement. In January we send to 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.
Ballston_row Rental Management Resources
Basics
Basic info about what rental managment in Ballston_row.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
List your property to rent to find a great renter in Ballston_row fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
An overview of fees associated with rental management services in Ballston_row
Vetting
How Nesbitt Realty vets renters for landlords.
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 the local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy resource for everyone who wants to find out more about Ballston_row and neighboring areas. The Guide to Real Estate compiles information about what has sold and what is on the market, and many surprising facts that you may not know. Also, our Guide features quite a few of the benefits of life in Ballston_row. Of course, all of this is useful for purchasers and sellers, but landlords and tenants will likely also find these tools to be quite eye-opening.