We are especially precise about fiduciary matters.
As property managers it is our duty to reconcile every penny of rent and each expense. Our team work diligently to make sure that each rental property owner has the opportunity to see exactly where is money is going to and coming from. To accomplish this task we work with one of the most powerful software tools in the management business: 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 shows the rent received as well as any bills which we have paid on the real estate investor's behalf. The monthly statement is also available online. The monthly statement will describe what funds 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 pads the price on the repairs, nor do we charge a fee per repair. Annually, we organize the monthly statements into a year-end report. In January we mail the property owners, 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 Rental Management Resources
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Basics
Fundamental info about what management services 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 dependable renter in Ballston fast.
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Accounting
How does Nesbitt Realty keep track of income and expenses for real estate investors?
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Cost
A breakdown of prices of rental management in Ballston
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Vetting
How Nesbitt Realty checks the backgrounds of tenants for our clients.
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Reserves
What is a contingency reserve account?
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Territory
Where does Nesbitt Realty manage rental investments?
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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 the community?
Our Guide to Real Estate is a handy tool for everyone who wants to review important real estate information about Ballston and nearby areas. The Guide to Real Estate compiles data about what has sold and what is currently listed, as well as a couple of compelling facts that you may not know. Furthermore, our Guide spotlights many of the aspects of living in Ballston. Of course, all of this is useful for purchasers and sellers, but real estate investors and renters should also find these tools to be very edifying.