We are very precise about financial issues.
As rental property managers it is our solemn charge to reconcile every penny of rent and each expense. Our staff work hard to make sure that each real estate investor has the documentation to see 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.
We always try 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 rental investor's behalf. The monthly statement is also available online. The monthly report will show what monies we are holding on behalf of the real estate investor.
There is no additional charge for the reports or the accounting. Also, 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 reports into a year-end statement. In January we send to the landlords, 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.
East_View_At_Ballston Rental Management Resources
Basics
Basic info regarding rental managment in East_View_At_Ballston.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable renter in East_View_At_Ballston fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
Cost
A breakdown of prices of rental management in East_View_At_Ballston
Vetting
How Nesbitt Realty vets tenants for property owners.
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.
Should you understand more about our local real estate market?
Our Guide to Real Estate is a free resource for anyone who wants to learn more about East_View_At_Ballston and nearby communities. The Guide to Real Estate provides data regarding what has sold and what is for sale, and a few compelling facts that you might not be aware of. Furthermore, our Guide has many of the aspects of living in East_View_At_Ballston. Of course, most of this is interesting for purchasers and sellers, but real estate investors and tenants should also find the facts to be somewhat enlightening.