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Rice Real Estate

Las Vegas Property Management

Las Vegas Property Management » Scoring Card | Tenant Screening

Scoring Card | Tenant Screening

By Rice Real Estate

Las Vegas Property Management Tenant Screening

Download Rice Real Estate’s Scoring Card.

Property Management Scoring Card

We’re often asked what we look at, and how we evaluate the data we collect to arrive at a decision whether or not to rent to a prospective tenant. In managing single family homes in Las Vegas & Henderson, it is very important to our clients that our tenant selection process be sufficiently cautious, but not overly so. Lack of caution in tenant screening results in high turnover, lost rent, and property damage. Overly-cautious tenant screening methods result in long-term vacancies, lost rents, and, yes, property damage. Vacant homes deteriorate quickly.

Our many years of property management experience has paid off, particularly in the area of resident screening. We have learned that, not only is it important to review the credit report of a prospect, but it’s important to look at a number of other factors, as well.

Do they have the means to pay the rent?

How long has the prospect been employed in his/her current line of work? Is this a new career for her, or has she demonstrated a long-term commitment to her field of employment? This makes a difference. It indicates stability, or lack thereof. Income counts, too. Is the paycheck going to cover not only the rent, but the prospect’s other expenses? If not, something’s going to be sacrificed. As a landlord, we don’t want that sacrifice to be the timely payment of rent.

What does the former landlord have to say?

Better yet, what do the last two or three landlords have to say about your prospect? It’s not unusual for the current landlord to soften his evaluation of the prospective tenant. After all, he’s still the current landlord. The former landlord, however, generally feels far removed enough from your prospect that he’s apt to be frank and forthcoming with information. Do you take what a landlord says at face value? Of course not! Whether that information is positive or negative, it is subjective in nature. The landlords’ feedback is helpful, but should never be a stand-alone reason to accept or deny a prospect.

What about bounced checks and criminal history?

Are those items important? We think they are. Combined with the other factors we evaluate, these items help to provide a complete picture of the likelihood of the prospect living up to his/her end of the rental agreement terms.

Tenant Screening…the whole picture:

The greatest lesson we bring to the table, in terms of tenant screening, is the knowledge that no single factor in a tenant’s financial picture, residential history, or references stands alone. All facts, taken together, paint the picture of the prospective resident. Taken together, these facts and bits of information are going to lead us to a more accurate conclusion as to the likelihood our prospect will do the two things we require… pay the rent and take good care of the property.

Rice Real Estate & Las Vegas Property Management

Rice Real Estate is a full service residential real estate brokerage offering worry-free residential rental property management in Las Vegas, Green Valley Ranch, Seven Hills, Silverado Ranch, Southern Highlands, Mountains Edge, Summerlin and Henderson, Nevada. Through our extensive network of renters and state-of-the-art tenant screening process our Las Vegas Property Managers strive to exceed your expectations.

Our Las Vegas Property Management team provides not only professional residential management, but also common sense and personalized service at competitive rates – the cornerstone of our long success in the business.

Filed Under: Las Vegas Property Management, Real Estate Tips

Rice Real Estate is highly selective when it comes to new partnerships, adding only a few high-end properties each year in order to provide the highest level of attention to each one. Our team is on the ground, all hands on-deck to safeguard our client’s property and bottom line at all times. Contact us by calling 702-551.9592 ext 1.

Call 702.551.9592 or click to email us

Investment property ownership is rewarding, but maintenance and tenant management can be big headaches. Why not turn them over to a trustworthy, experienced partner like Rice Real Estate? We give our clients peace of mind because we never stop working to protect your investment. Our team has over 30 years of property management experience and we strive to provide the best service possible, maximize profits and properly maintain the property for long term success.

Rice Real Estate offers residential property management in select zip codes. If you're a property Owner give us a call to confirm we service your area: 702.551.9592 ext 1 or email us.

B.1000740.LLC and PM.0164747.BKR

Average time to find a new Tenant in Las Vegas
We manage in Zip Codes 89012, 89014, 89044, 89074, 89123, 89052, 89135, 89141, 89183, 89144 & 89138.
Check out Rice Real Estate & Property Management on Yelp
Did You Know? Due to Rice Real Estate's comprehensive Tenant screening process we have never had to evict a Tenant we placed into a managed rental property.
Call 702.551.9592 or click to email us License B.1000740.LLC and PM.0164747.BKR

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