As a rental property owner, selecting the right Greater Las Vegas Property Management team is an important decision. When you are searching for this service, you will want to be sure to complete a comprehensive interview process, which will allow you to determine if this is the right team for your particular needs. Some questions you should ask when looking for property managers can be found here.
The Cost
Generally speaking, a property manager will charge a fee each month for their services. This will cover dealing with tenants and maintaining your property. The fees are typically from 5 percent up to 20 percent of properties’ monthly rent, depending on the services that you are requesting.
Communication
The communication you have with a manager is the most important thing to consider. You need to find someone who will email you regularly and who will answer phone calls. If you are unable to receive a timely response, chances are you should seek services elsewhere. Additionally, you will need to deal with someone who is able to handle your specific wants and needs for your property.
Provisions of Monthly Statements
You should try to find a property management company that will give you statements each month. This statement needs to include all of the expenses and income for your property or properties. If you find a property management service that does not offer this, then you should seek services elsewhere.
Maintenance of the Exterior of the Property
While virtually any property manager will provide regular inspections of the interior of your properties, we recommend you find a property manager that will also take care of the exterior inspections. They need to be willing to hire contractors for landscaping and building maintenance. It’s important that these services be affordable and performed by trusted and responsible vendors.
Vacancies
There are some companies that will charge property owners as much as half of a month’s rent to fill the vacancies in their property. If you are like most property owners, you will quickly discontinue your interview with these individuals. The fact is that you do not need to pay additional fees for vacancies, your property manager should provide these services for the same rate they normally charge and provide superior advertising and marketing services.
When you hire a property manager, they need to be your eyes and ears. They need to handle tenant complaints and ensure that your property is well-maintained.
