We are especially meticulous with fiduciary matters.
As rental managers it is our duty to account for every penny of income and each expense. Our team work diligently to ensure that each property owner 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 programs in our profession: 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 rental income as well as any bills which 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 rental investor.
There is no additional charge for the reports or the accounting. Furthermore, Nesbitt Realty never marks up 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 property. Use the 1099 to prepare your taxes or simply give the 1099 to your tax preparer.
Ballston Rental Management Resources
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Basics
Fundamental information regarding property management in Ballston.
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Getting Started
Learn more about getting started with property management
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Find A Tenant
Market your property to rent to find a reliable renter in Ballston fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
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Cost
A list of prices of rental management in Ballston
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Vetting
How Nesbitt Realty vets tenants for landlords.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rentals?
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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 area?
Nesbitt Realty's Guide to Real Estate is a helpful resource for anyone who wants to investigate real estate facts about Ballston and nearby areas. The Guide to Real Estate compiles facts about what has sold and what is on the market, and many interesting facts that you may not know. Furthermore, our Guide features quite a few of the elements of residing in Ballston. Of course, most of this is useful for buyers and sellers, but owners and renters should also find these tools to be somewhat edifying.