We are especially serious about financial details.
As rental property managers it is our duty to account for every penny of income and each expense. Our staff work hard to ensure that each property owner has the documentation to understand exactly where is money is going to and coming from. To accomplish this task we employ one of the most powerful software tools 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 states the rent received as well as any bills that we have paid on the landlord's behalf. The monthly statement is also available electronically. The monthly statement will show what monies we are holding on behalf of the property owner.
There is no additional charge for the reports or the accounting. In addition, 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 rental investors, 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
Fundamental information about what property management in Ballston_row.
Getting Started
Learn more about getting started with property management
Find A Tenant
List your property to rent to find a great tenant in Ballston_row fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for landlords?
Cost
A list of fees associated with rental management services in Ballston_row
Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage rentals?
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 this community?
Our Guide to Real Estate is a free resource for everyone who wants to review important real estate information about Ballston_row and nearby areas. The Guide to Real Estate provides facts about what has sold and what is currently listed, and many shocking facts that you might not know. In addition, our Guide features many of the elements of residing in Ballston_row. Of course, most of this is helpful for buyers and sellers, but rental investors and renters will also find this information to be quite informative.