Should an Investor Hire a Rental Property Manager?
Investing in real estate in the Las Vegas area can be a great decision, but preparing to rent, selecting good renters and maintaining the real estate can eat through your bottom line in a hurry. Our expert rental property management company can save you time and money, and our transparent fees put you at ease.
If you are thinking about signing with a rental property management company in Las Vegas, consider the following:
Preparing the Property
One of the most difficult things about being a property investor comes before you put your property up for rent. You may need renovations to wall and floor coverings, plumbing and light fixtures and more. It’s really important to see that everything is in good working order and top condition. Depending on the local market, you might also want to upgrade or replace appliances and add new amenities to see the biggest profits.
You will also need to figure out how much to charge in rent, whether to include utility payments in your fees and more. In addition, you need to follow all the rules of your local zoning authority or HOA. Our property management company has the knowledge and expertise it takes to help you make good decisions.
Finding Renters & Showing the Property
When your real estate is on the market, you need to locate good renters as quickly as you can. You need to spread the word. We use only the most professional outdoor signs and the best internet marketing, including searchable listings featuring professional photos and compelling written descriptions of your property. Every day your property remains vacant is a financial hit.
You can expect to give prospective renters tours, and should plan on no-shows. When you find a renter who is interested in a lease, you need to check their background carefully. We complete thorough background checks, including proof of income, rental and criminal history and credit history. These reports get expensive, even when you ask the tenants to help pay, but we have negotiated premium rates with providers.
You also need to make sure you follow the law during applications. Most DIY landlords aren’t up on legal issues like fair housing laws. Even little mistakes can become big problems.
Repairs, Maintenance & Inspections
Making your property investment grow in Las Vegas requires good maintenance. We perform complete inspections inside and out while you have tenants, and also follow a regular maintenance schedule. When things go wrong, you need to make repairs right away. Our skilled property managers know how to watch for warning signs, and we have a network of local contractors ready. We are here for renters 24/7.
Screening carefully reduces your probability of running into financial problems, but disputes may still come about. The first thing you should do is to make it easy to pay rent. We offer online tools that allow scheduled payments and that put money in your account monthly. If we can’t collect rent, we know what to do. From getting a hold of renters to completing the correct paperwork in case of an eviction, we handle everything. Once the renter is out, we can get your property back on the market quickly.
At Real Property Management in Las Vegas, Nevada, we aim to help you make money in real estate. Our highly trained staff has the dedication and experience it takes to help you maximize profit while reducing stress. Contact us today to learn about we can help you achieve long-term success.