If you are an investor who wants to hire a Las Vegas Property Management Services agency it’s critical to hire a firm that has these capabilities:
1) Have an established sophisticated Property Management System in place that addresses your core needs; i.e. managing all aspects of the physical property, marketing the property to find tenants, providing you with essential and timely financial reporting, maintaining all required documents for state and federal taxes.
2) Marketing your property is an essential core service for effective Las Vegas Property Management and should include these terms of services:
- Local Newspaper Ads
- Property Photos
- High quality Professional Yard Signage
- Craig’s List Advertising
- Targeted E-Mail
- Customized Web Site designed by our Professional Graphics staff
- Videos Filmed and Uploaded to YouTube
3) Lease Property Management is the core service that you are looking for and the firm you hire should provide these Las Vegas Property Management Services at a bare minimum:
- Lease Contracts and/or renewals
- Move in and move out coordination
- Lease terms enforcement & letter distribution
- Scheduled Rent Collections
- Timely Disbursement of Funds to Owner (electronic or conventional)
- Tenant Public Relations
- Compliance with Applicable Regulatory Laws (local, municipal, state and/or Federal)
- 24/7/365 On Call Services for Emergency Repairs/Situations
- Cost Effective Maintenance Referrals and Invoicing for needed Repair
4) Tenant recruiting can be challenging or not, depending on the type of property you have purchased, neighborhood, price range, etc. But, any good property management firm should be able to provide these core services:
- Property Marketing
- Property Showing, Screening and Contract Negotiations
- Credit Report Completion & Reviewed with You (if required)
- Employment Reference and Criminal History Checks
- References Verification
- Comprehensive Document Preparation (Application, Lease Agreement, Pet Lease, etc.)
Finally, most good Las Vegas Property Management Services firms can also help you build a market analysis report so you can come up with the right rental fees and also provide some level of financial modeling to address your cash flow needs.
If we can assist you with your Las Vegas Property Management Services please contact us, as we have over twenty years of experience providing these services to our clients.
