How are Green Valley Applicants Screened?

At Rice Real Estate & Property Management, our most critical work occurs during the applicant screening process. Securing great tenants benefits everyone involved, so we employ a state-of-the-art resident screening system. This comprehensive process evaluates income, credit history, rent payment history, employment history, and conducts a thorough background check. These factors help us assess the likelihood that a prospective tenant will fulfill their obligations under the rental agreement. Thanks to our detailed scoring system, Rice Real Estate & Property Management has never had to evict a tenant we’ve placed into a managed rental property. You can review our Scoring Card to see the rigorous standards we uphold.

How Is Turnover of rental properties minimized?

Minimizing tenant turnover is a key objective at Rice Real Estate & Property Management. We achieve this by promptly addressing maintenance requests, which not only keeps tenants happy but also maintains the property in excellent condition. We advise property owners on whether items should be repaired or replaced, and whether certain maintenance tasks can be deferred or need immediate attention. This balanced approach ensures tenant loyalty while maximizing rental income.

Protecting your asset means utilizing experienced repair and maintenance professionals. Rice Real Estate & Property Management has established strong relationships with highly rated vendors, allowing us to quickly diagnose and fix problems correctly the first time. This diligent maintenance protects your property and ensures it remains in top condition.

How Do We Market and Advertise rentals?

Finding highly qualified tenants is a serious endeavor at Rice Real Estate & Property Management. We employ comprehensive marketing strategies to capture a wide applicant pool, listing our rental properties on numerous websites and advertising to over 14,000 local agents. Unlike many other property management companies in Las Vegas, we understand the importance of being available when prospective tenants have the time. We respond to phone calls, text messages, and emails every day of the week, including weekends. As a result, our average time on the market for a “rent-ready” property is just 14-21 days.

How Much Rent Will My Green Valley, Henderson NV Property Bring?

Rice Real Estate & Property Management conducts ongoing rent surveys in the Henderson and Las Vegas markets to stay current with market changes. We recommend rental rates based on factors such as how quickly you need to rent the property and how it compares to local competition. While our recommendation is informed and strategic, the final decision on rental rates always rests with the property owner.

What Kind of Condition Does My Property Need to Be in to Find a Quality Tenant?

The condition of your property is crucial when marketing a vacant rental. Properties that are not “rent-ready” tend to rent more slowly and attract tenants who may not take as good care of the property. Quality renters often cannot envision future improvements, so it’s essential to present the property in its best possible state from the start. We urge our owners to address basic needs such as fresh paint, clean flooring, functional window blinds, and ensuring everything is in good working order. The first impression of your property is lasting and pivotal in attracting top-quality tenants.

Are Pets Allowed in Rental Properties?

The decision to allow pets ultimately lies with the property owner. However, it’s important to note that 65-70% of tenants have pets. Not allowing pets could negatively impact your marketability and extend vacancy periods, leading to lost rental income. If you do allow pets, a pet addendum will be signed, and an additional security deposit is required.

It’s also crucial to distinguish between pets and service or companion animals. It is illegal to discriminate against service animals, so we will absolutely rent to tenants with verifiable service animals without charging additional security deposits or restricting specific breeds.

What Happens When My Rental Property Needs a Repair?

Repairs costing less than $300 will be executed by Rice Real Estate & Property Management’s staff without prior approval. Repairs exceeding $300 generally require the owner’s approval, except in emergencies. Emergency repairs, defined as situations where immediate action is necessary to prevent further damage or ensure tenant safety, do not require prior authorization. Examples include flooding, lack of heat or air conditioning, no running water, electrical sparks, or a non-functional toilet if only one is available. Non-emergency repairs, such as a lack of hot water or a broken appliance, are handled differently. We do not employ our own maintenance staff and do not profit from any maintenance work done on your property.

What Happens If My Tenant Doesn’t Pay Rent in Green Valley (Henderson, NV court system)?

Rice Real Estate & Property Management enforces a strict rent collection policy to protect our owners’ interests. Rent is due on the 1st of the month and considered late by the 2nd. If unpaid by the 3rd day, an eviction notice may be served. Under Nevada law, the tenant has seven judicial days to pay the rent or vacate the property. Most tenants pay before the notice expires, but if they do not, the next step is a court order for lockout.

What Happens If My Tenant Vacates and Leaves the rental Property Dirty or Needing Repair?

When a tenant vacates, Rice Real Estate & Property Management conducts a thorough move-out inspection and compares it to the move-in inspection, including photos. We determine which items, if any, are chargeable to the tenant beyond normal wear and tear. This process ensures accountability and maintains the property’s condition.

Who Holds the Security Deposit for investment properties?

Nevada law requires that tenant security deposits be held in a trust account separate from owner funds. This ensures that the deposits are managed responsibly and transparently, in accordance with legal requirements.

By choosing Rice Real Estate & Property Management, you are partnering with a property management company that prioritizes thorough screening, efficient turnover, strategic marketing, proper maintenance, and strict rent collection policies. Our comprehensive approach ensures that your property is well-managed, maximizing your investment’s potential while providing an excellent living experience for tenants.