August 26th 2010 in All, Property Management
Managing your own rental property in Las Vegas can be something of a challenge and a whole lot of headache, especially if you are not aware of the common mistakes. There are lots of things you need to do to be a successful landlord.
It is very important to carefully screen each tenant who has an interest in renting your property. You must have each party to complete an application and review their profile thoroughly based on credit, employment and rental or ownership history. The key to enjoy the rental property business is in good tenants and if not properly screened, you may miss out and rent to other, less desirable.
Not signing a lease will cause you a big trouble and you will have a harder time getting the tenants out in case of breach of agreement. Whether you are renting from month to month basis or a yearly term, be sure to get it written.
As a landlord, you must provide a pamphlet with information about Lead Based Paint Disclosure Law if your house was built before 1978. Failure of doing so can cost you as much as $10,000.
You must be sure that all repairs and cleaning are done before a new tenant moves in. Having the property ready before the occupancy begins will save you from endless phone calls from the tenant and added stress and headaches.
It is easy to overlook little problems as they start, but after some time those little problems turn big problems and are expensive to fix. It is better to find a company to carry out routine maintenance tasks so that problems appear less frequently. The cost of a maintenance program is nothing compared to a big problem that may emerge if things are taken care of from the beginning.
Managing own rental property is a very challenging and difficult thing to do. You can save yourself from all trouble by hiring a Las Vegas Property Manager. You may check out our property management services in Las Vegas and Henderson at www.rentballoon.com.Let us help you manage your Las Vegas properties.
July 28th 2010 in All, Property Management
In the past, many homeowners thought their only option is to sell their property or stay in it which caused property values to depreciate.
Most real estate agents now handle rentals due to declining real estate sales. Las Vegas Rental Market is doing very well right now with so many potential home buyers suspending purchase plans and others decided to continue renting. Most people, instead of trying to sell their homes in a down market, they have had to settle to rent it out and just wait until the Real Estate Market bounces back. They’re getting into rental management market trying to make up lost revenue. Rental income can cover up some of the mortgage payments, in which owners won’t have to cover the total amount every month. They might even make a profit if the monthly expense is low enough.
Owners can manage properties themselves but it takes a lot of work and expect to receive phone calls at all times of the day from a tenant with something that needs to be fixed. While a Las Vegas property manager is one route, and is an excellent choice for people who really don’t want to deal with the day-to-day issues of management, there are less expensive options. Being a landlord has gotten even more complicated. Too many have gotten tricked by grinning tenants holding cash, and they seek help from a Las Vegas property management professional to protect them. Property managers in Las Vegas are better being able to check background and screen for right tenants. They advertise the property in all the right places. They know fair housing laws; they know how to follow them. Owners can actually save the time and money as property manager taking the stress and hassle of managing a property.
If you are going to rent out your home in Las Vegas, it would be better using a Las Vegas Property Management Company to run the whole process so all you have to do is deposit your check every month.
June 11th 2010 in All, News, Property Management
Clark County, Nevada –Heavier penalties will be administered to those who don’t maintain their properties in unincorporated areas in Clark County which includes the cities of Las Vegas and Henderson.
According to the Clark County commissioners, people who abandon their homes for 35 days or who failed to update their rentals could be fined $1,000 per day. Prior to the day when the fine will begin, they will have fifteen days to take immediate actions regarding the notice.
Another code is focused to those people with annoying properties. This includes properties with junky appliances in front yards or a messy swimming pool that turns into a breeding ground for mosquitoes.
Joseph Boteilho, the head of the county code enforcement, said that swimming pools are a critical issue because of the West Nile virus, and they can be a dwelling place for insects that affect people’s well-being.
Those who will violate the codes will be fined $100 a day for the first 10 days, $500 a day for the next 20, and then $1,000 per day thereafter. The highest amount that a person could pay is $10,000 or three times the cost of fixing the property, whichever is greater.
The fines used to be $50 daily for the first 10 days, $100 a day for the next 20, then $200 a day after that. The cap was the same.
Boteilho stated that the nuisance code administers to businesses and homes. Owners who abandoned their homes or failed to pay their rentals could be fined from the nuisance as well as the rehabilitation codes.
Both codes are giving the right to owners, which they can appeal their nuisance fines to the county commission and request that they be reduced or waived.
By creating a plan for fixing the properties, owners can avoid paying the rehabilitation fines.
The commission also approved a code that will allow the county to take immediate action on structures that put the public into danger.
In the past, the county had to send a written notice to the owner with a deadline for repairing the hazard.
Avoid all the hassles of managing rental property by hiring a property management company. Get help with property management services that will ensure that your property is well taken care of, and properly maintained to prevent fines and penalties.
February 25th 2010 in All, Property Management
Purchasing your own investment property is not an easy task. You need all the help that you can get especially when it is your first time investing. Choosing the right property can reap huge rewards when handled properly. Seeking help from a Las Vegas Property Management Company can make investing easier for you.
Research the Area
Take a quick look into the capital growth records of the area and the possible rental income of a certain property. Seeking advices and consults from local real estate agents would be a wise thing to do. A good investment property would be something near schools, shopping centers, parks and etc.
Get the right Investment Loan
Loans can fall into several categories: a fixed interest rate, variable interest rate, and line of credit. You may consider using your home equity or from any other investment. Find a loan that will cater to your investment needs. You may want to seek advice from a financial adviser or loan consultant as well.
Do Inspections
When you have finally chosen a property, be sure to have your building & pest inspections done. You can drop by it during the day or night so you can assess the neighborhood as well. A rainy day would be a good time to inspect for leakages and other maintenance issues.
Finding the right investment property would indeed take some time. Getting help from a Las Vegas Property Manager would be a good start. Find out how we can help you today by visiting our Las Vegas Property Management services.
February 9th 2010 in All, Property Management
If you think that you are starting to get overwhelmed by the everyday demands of a landlord, then it is high time for you to get a Property Manager. Getting a property manager in Las Vegas will help you focus your time on much more important things. You don’t have to deal with tenant’s concerns from time to time. You can let your property manager handle all the concerns and issues for you.
How can our Las Vegas Property Management Services protect your real estate properties?
Property Management begins with inspecting your property. We inspect every property that you may have to make sure that it is still in a good condition. If there are things that need to be repaired, we will provide you with a list and some expected costs. We have to prepare and clean up the house before we start advertising it in the market. We also make sure that we price your home reasonably comparing it to several rented houses in your area.
Selecting the right tenant is the next best thing that we can do for you as your Las Vegas Property Management Company. Proper tenant screening is a vital aspect of Property Management. Aside from doing a background check, we also do a credit screening, employment & income verification and a thorough reference check. We desire good paying and responsible tenants as much as you do.
As soon as a tenant is selected by an owner, we schedule a walk-through and complete the lease agreement. We always remind tenants when rent is due and the penalty for late fees.
So if you need help in managing your investment properties here in Henderson and Las Vegas, don’t hesitate to call us and we’d be more than happy to address all your queries.
January 18th 2010 in All, Property Management
If you currently have an investment property in Las Vegas, you may find yourself too busy and overwhelmed by the needs and requests of your tenants. Being a landlord is not an easy role at all.
Working with a Las Vegas Property Management Company will make things a whole lot easier for you. Let your property manager deal with all the repairs and maintenance issues that your tenants are consistently voicing out.
Property managers are already experienced when it comes to renting and selling investment properties. They make sure that your houses are well advertised in the market and they make it to a point to rent them out as well.
Property management firms tend to do tenant screening just to make sure that you get to have good paying tenants. Your company will also handle all emergency issues that can possibly happen. They take care of scheduling inspections, showing your houses and making sure it’s clean before a new move in.
On top of that, hiring a Las Vegas Property Management Company will allow you more time to deal with your job, businesses and even your very own family. So why think twice? Hire a property manager now!
January 6th 2010 in All, Property Management
Property Managament in Las Vegas and Henderson
Need your houses in Henderson and Las Vegas rented out? Here are some few reasons why you should enlist your property under a Property Manager.
A property manager is a liaison between a landlord/owner and a tenant/renter. He acts as the intermediary between the needs of the two involved parties. He maintains and upgrades facilities at your property. Here are some of the reasons why a property manager would really come in handy.
- Marketing. Your property manager can post your properties in various classifieds daily including Craiglist, Trulia, Geebo, Kijiji and 50 more sites! He also makes sure that your properties are occupied with qualified tenants through our extensive online marketing, lead follow up and house showings.
- Tenant Relations. A property manager prequalifies possible tenants, enforce rental agreements, handle tenant complaints, and collect rents and deposits.
- Facilities Management. As your partner, he makes sure that your house is always in good condition and properly taken care of. Let him handle all the repairs, painting jobs, and other maintenance issues.
- Financial Reporting. Your realtor will keep you posted on your property’s finances and keep you up to date regularly.
Enjoy the comfort of sipping a martini on a Caribbean cruise while your property manager handles all your properties. Make your life worry free and avoid the hassle. You may check out our property management services in Las Vegas and Henderson at www.rentballoon.com.
