We are especially conscientious regarding financial matters.
As property managers it is our solemn charge to account for every penny of rent and each expense. All of us work hard to ensure that each real estate investor has the documentation to understand exactly where is money is going to and coming from. To accomplish this duty we work with 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 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 describe what reserves we are holding on behalf of the rental 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. At the end of the year, we organize 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. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Ballston_Green Rental Management Resources
Basics
Elementary information about what rental managment in Ballston_Green.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a dependable renter in Ballston_Green fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of prices of rental management services in Ballston_Green
Vetting
How Nesbitt Realty vets tenants 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 our community?
Our Guide to Real Estate is a handy tool for everyone who needs to investigate real estate facts about Ballston_Green and neighboring communities. The Guide to Real Estate has facts regarding what has sold and what is currently listed, as well as some surprising facts that you may not know. Also, our Guide spotlights some benefits of residing in Ballston_Green. Naturally, most of this is useful for purchasers and sellers, but property owners and renters will probably also find these tools to be somewhat informative.