It is important to thoroughly research and consider multiple property managers (make sure to include Rice Real Estate!) before making a decision. Here are a few tips to help you find the best property manager for your needs
- Research the property managers in your area: Look for property managers who have experience managing properties in your area and who have a good reputation among their clients. You can check online reviews, ask for recommendations from friends or colleagues, and contact local real estate associations for recommendations.
- Consider the services offered: Different property managers may offer different services, so it is important to determine which services you need and choose a property manager who can provide them. Some common services offered by property managers include marketing and advertising, tenant screening, rent collection, and maintenance coordination.
- Look for a property manager who is responsive and communicative: A good property manager should be available to answer your questions and address any concerns you may have. They should also be proactive in communicating with you about the status of your property and any issues that may arise.
- Consider the fees: Property management fees can vary widely, so it is important to compare the fees of different property managers to ensure you are getting a fair price. Be sure to understand exactly what is included in the fee and whether there are any additional charges for specific services.
- Meet with the property manager in person: Meeting with the property manager in person can give you a good sense of their personality and how they conduct business. This can also be an opportunity to ask any questions you may have and get a better understanding of their process for managing properties
Overall, finding the best property manager requires some research and comparison, but it can be well worth the effort to ensure that your property is well-managed and your needs are met.
15 Reasons Why Rice Real Estate is Truly Different
1. Experience
Founded in 2010. the Owners of Rice Real Estate have over 35 years of combined experience along with the experience of managing hundreds of properties.
2. Owners that are Active in Daily Operations
The Owners of Rice Real Estate are actively managing the day-to-day property management operations. You will be working directly with the company Owners. When you have questions or concerns about your property, you will always be talking with the people that are most knowledgeable about your property.
3. Fast Mobile Friendly Website
Created in 2022 after a year of planning and research. Utilizes the latest technology available. Relevant and useful content for owners and tenants. Safely allows prospects to apply online and pay rent online.
4. Advanced Marketing
5. Professional Photography & Video Tours
Professional advertising photos and self-guided YouTube video tours have greatly reduced days on market. Professional photos make our listings stand out. Video tours allow prospects to do a virtual walk through. residential property managers: Buildium and LeadSimple
6. Modern Technology
Cloud-based property management software for marketing, rent collection, maintenance tracking, accounting, and more. We also have software for lead tracking, rental price analysis, process management, utility connections, and much more. Rice Real Estate use modern software that is the gold standard for residential property managers: Buildium and LeadSimple
7. 24/7 Emergency Repair Hotline
Rice Real Estate has dedicated vendors to address all after hours and weekend repairs in a timely manner.
8. Quick Communication
We answer all calls, text, emails, portal conversations, and return voicemails the same day and always less than 4 hours for Owners and 8 hours for Residents.
9. Peer Network Group
Active member of property management groups with over 1,000+ members. Daily communication with industry leaders across the country for sharing best practices and problem solving.
10. Active on Social Media and Blogs
As industry leaders, we believe in sharing our expert knowledge by constantly crafting useful content about property management on our blog and social media accounts. We also use social media like Twitter and Facebook to post all our rental listings.
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11. Inspections
We constantly monitor the condition of your home with move in, move out, and routine Quality Assurance Inspections. We provide detailed inspection reports along with 500+ pictures documenting Resident move-in condition.
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12. Professional Office Building that is Centrally Located
We don’t work out of our basement or a run-down strip center. Rice Real Estate’s office is located in a professional office building with two full-time receptionists staffed 8am – 5pm Monday through Friday. We are centrally located in Las Vegas, NV.
13. Key Performance Indicators
Rice Real Estate has 150 Properties Under Management and a vacancy rate of less than 1%. Eviction Rate of less than 1%. Lease Renewal Rate of 85% (Industry Average is 50%). Rent Collection Rate of 99.9%. Average Days on Market is 14 Days.
14. Fee Structure
We charge 8% of rent collected which motivates us to maximum rent amount as opposed to flat fee pricing that’s charged while property is vacant. No advertising or marketing fee. No fees while vacant. No mark up on maintenance. No hidden fees ever.
15. Rice Real Estate Loves Property Management
Rice Real Estate has a great staff of dedicated, passionate, and hardworking employees that always bring a positive attitude to any situation. Property Management is a difficult job and we have great people and systems in place to effectively manage your property.
What does a property manager do?
Property managers in Las Vegas are responsible for overseeing the day-to-day operations of a rental property, such as an apartment complex or rental home. This may include tasks like collecting rent, handling maintenance and repair issues, responding to tenant inquiries and complaints, and enforcing the terms of the lease agreement. Property managers are also responsible for marketing the property to potential tenants, screening applicants, and negotiating leases.
In Las Vegas, a property manager is responsible for complying with local laws and regulations related to rental properties.
Ultimately, the best property manager for you will depend on your specific needs and preferences. It is important to carefully consider all of these factors when choosing a property manager to ensure that you find the best fit for your property and your needs.