WE HAVE AN INCREDIBLY DETAILED TENANT SCREENING PROCESS.
Securing great tenants is in everyone’s best interest. We use a state-of-the-art resident screening process that looks at such things as income, credit, rent payment history, employment history, background check and other factors that indicate the likelihood the tenant we place in the home will perform according to his/her obligations under the rental contract.
WE UTILIZE THE MOST EFFECTIVE WAYS OF MARKETING YOUR PROPERTY
Rice Real Estate is very serious about finding highly qualified tenants and do everything possible to capture the greatest applicant pool. Our rental properties appear on numerous websites such as Redfin, Hotpads, Trulia, Zillow, Craigslist, Realtor.com, Facebook, ListHub (feeds to over 40 websites) and our proprietary website www.VegasRented.com. We also advertise directly to 11,000+ local agents.
Unlike most of our competitors we understand the importance of being available when the prospective tenant has the time to look. For this reason we answer & respond to rental phone calls & texts every day of the week, including Saturdays and Sundays. We are also available to show vacant properties 7 days a week. The prospect who is told they can look at a property a few days later is the prospect who is lost to a competing property.
A well-priced rental property in today’s market should rent within 30 to 45 days. However, Rice Real Estate’s average days on market ranges between 2-14 days. Our rigorous screening process and detailed scoring system help ensure we secure highly qualified tenants for all of our rentals.
WHAT KIND OF CONDITION DOES MY PROPERTY NEED TO BE IN TO FIND A QUALITY TENANT?
The property’s condition is one of the most important aspects of marketing a vacant rental property. Properties that are not “Rent Ready” when they’re placed on the rental market tend to be slower to rent and attract renters who are not only willing to settle for less than top quality, but who treat their rental properties with less care and concern than we want to achieve for our owners. Furthermore, quality renters typically can’t envision what the property will look like after we do this or that…telling the prospect we’re going to be painting, or going to be replacing carpets is virtually useless. The first impression of a vacant property is the lasting impression of that property. That’s why we urge our owners to take care of the basics: fresh paint, clean floor coverings, functional window blinds, and everything in good working order. The results are always much better when we approach the marketing process with a Rent Ready home!
ARE PETS ALLOWED IN RENTAL PROPERTIES?
The final decision as to whether or not to allow a pet (or pets) is always the owner’s (except for service animals as permitted by law). However, we strongly recommend you allow us to market the property as a “pet friendly” rental, one that allows pets on a case-by-case basis. Approximately 62% of the households in the US have pets. By eliminating the ability to allow pets on a case-by-case basis we’re essentially eliminating over half the pool of qualified renters for your property. When considering pets, we look at such factors as the breed of the animal and the prospect’s history in renting with a pet. We also recommend higher security deposits when a pet is approved thereby giving you added assurance that, should there be any damage to the property, the tenant has enough at stake to make it right when they vacate.
WHAT HAPPENS WHEN MY PROPERTY NEEDS A REPAIR?
Any repair or maintenance costing less than $300 will be executed by Rice Real Estate’s staff. Most repairs costing more than $300 will be subject to the owner’s approval. Whenever possible, we will also contact an owner’s home warranty company first, if a policy number and phone number have been provided.
Emergency repairs do not require prior owner authorization. Emergency repairs are defined as property-threatening, where failure to immediately remedy the situation will result in further damage to the property and/or safety of the tenant. By law, owners are required to maintain their property in a “habitable” condition for their tenants at all times.
Examples of emergency repairs include: flooding, no heat, no air conditioning, no running water, electrical sparks or no functional toilet (if only one toilet). Examples of non-emergency repairs include: lack of hot water or failure of an appliance, including a refrigerator.
We do not employ our own maintenance staff and we do NOT profit from any maintenance work done on your property.