Fees for Residential Las Vegas Property Management Services average 8% of the gross monthly rent collected. In addition, a $300 leasing fee is common. Click here to view a sample property management agreement.
Other Management Components
Monthly management fees are just one component of selecting a Las Vegas property management company. Tenant retention, efficient tenant turnover and effective tenant screening are items that greatly impact a landlords profits and they won’t show on a financial statement. Having the right property manger will boost long term profits for a landlord. Selecting a property manager based solely on the lowest management fees can end up hurting your bottom line more than you think. Or going with the biggest property manager managing hundreds or thousands of units and getting lost in the shuffle.
Rent Ready Property Condition
A rent ready home is the most important aspect of marketing a vacant rental property. A rent ready home has a clean interior, landscaping recently trimmed, fresh paint, new/newer carpet and everything in good working order. In addition, the home should be readily available for viewings, priced at market and advertised with professional photos. With a rent ready home a quality Tenant could be secured in 7-10 days.
What About Pets 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). Approximately 62% of the households in the US have pets. By eliminating the ability to allow pets on a case-by-case basis an Owner is essentially eliminating over half the pool of qualified renters for a rental property. When considering pets, look at such factors as the breed of the animal, bite history and the prospect’s history in renting with a pet. Higher security deposits are recommended when a pet is approved thereby giving added assurance that, should there be any damage to the property, there are funds to make it right when a Tenant vacates. A pet and/or animal profile should also be kept on file with www.PetScreening.com.
Where is the Tenants Security Deposit Held?
Nevada law requires a Las Vegas property manager to hold tenant security deposits in a trust account separate from owner funds.
Our Client Commitment
With more than 20 years in Seven Hills property management we understand the needs of our clients no matter where they are in the investment cycle. Whether you’re buying, selling, or looking for high-end property management, we can put our resources and experience to work and drive your profitability.
We know how to effectively manage everything your investment needs, whether it’s a simple repair or a complete remodel. Our team has managed many construction rehab projects. We’ll care for your property and make it better when the time comes.
Take a look at your property performance at any time. Simply sign into the online Owner portal to view your latest statements, inspection reports, and account notes. Our software system is Buildium. Call 702-551.9592 ext 1 or email us. License B.1000740.LLC and PM.0164747.BKR.
Rice Real Estate
Rice Real Estate is a full service Las Vegas Property Management company offering worry-free rental property management. Rice Real Estate is committed to connecting responsible property owners with quality residents to ensure a stress-free experience. Rice Real Estate specializes in high-end residential property management of unfurnished homes in Las Vegas and Henderson. We are a full-service, locally owned and operated Henderson Property management company.