We are extremely precise about accounting issues.
As property managers it is our solemn charge to keep close track on every penny of income and each expense. All of us work hard to ensure that every real estate investor has the tools and paperwork to know exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful programs in our profession: Rent Manager.
We strive 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 expenses that we have paid on the real estate investor's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the rental investor.
There is no additional charge for the reports or the accounting. Not to mention, Nesbitt Realty never marks up the repairs, nor do we charge a fee per repair. Annually, we compile the monthly reports into a year-end statement. In January we mail the real estate investors, and to the IRS, a 1099 stating the income for the property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Ballston_Metro Rental Management Resources
Basics
Elementary information about what management services in Ballston_Metro.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great renter in Ballston_Metro fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A breakdown of fees associated with rental management in Ballston_Metro
Vetting
How Nesbitt Realty vets renters for property owners.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rental investments?
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 understand more about this local real estate market?
Nesbitt Realty's Guide to Real Estate is a free resource for everyone who hopes to investigate real estate facts about Ballston_Metro and nearby areas. The Guide to Real Estate compiles facts regarding what has sold and what is for sale, and many compelling facts that you may not know. Also, our Guide features quite a few of the fundamentals of residing in Ballston_Metro. Definitely, all of this is useful for purchasers and sellers, but owners and tenants will also find this information to be quite sobering.