We are especially serious about financial details.
As rental property managers it is our solemn charge to account for every cent of income and each expense. All of us work hard to ensure that every real estate investor has the opportunity to know exactly where is income is going to and coming from. To accomplish this task we employ one of the most powerful software tools in the management business: 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 property owner's behalf. The monthly statement is also available online. The statement will describe what funds we are holding on behalf of the property owner.
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. At the end of the year, we compile the monthly statements into a year-end report. In January we send to the real estate investors, 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.
Balmoral_condominium Rental Management Resources
Basics
Fundamental information regarding property management in Balmoral_condominium.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a reliable renter in Balmoral_condominium fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with property management services in Balmoral_condominium
Vetting
How Nesbitt Realty checks the backgrounds of renters for landlords.
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 want know more about the area?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who hopes to find out more about Balmoral_condominium and nearby communities. The Guide to Real Estate has facts about what has sold and what is currently listed, and a couple of interesting facts that you might not be aware of. Also, our Guide highlights some benefits of living in Balmoral_condominium. As might be expected, all of this is interesting for buyers and sellers, but landlords and renters will probably also find this information to be quite useful.