One of the first questions we often get from potential clients is – what does a property manager in Las Vegas do? It’s a great question and today, we’re talking about how the relationship between a property manager and a property owner or investor works.
The beginning of our relationship starts with the placement of a great tenant. That requires a tenant screening process and an application process. This is crucial for both of us. We find red flags before moving tenants into your property. It sets the tone for the entire tenancy, so it’s important. All applicants go through a grading system, and each application receives a grade of A through F. Then, we match them up with the best properties. The decision is always ultimately up to the property owner, but we are here to serve you and help you make a good decision on tenant placement.
Property Management Las Vegas: Maintenance
Maintenance is another huge area for property managers. We handle all of it, and you can be as involved as you want. Some owners want to be part of the entire process and others simply want to approve the work orders and let us handle the rest. Our job is to alleviate your stress and manage your investment process, so we’re flexible.
When your rental property is part of an HOA, it can come with a lot of concerns. When a violation comes in, we follow up with the tenant and make sure the problem is resolved. We ask for proof that the violation was cured, and follow up with the HOA before closing out the issue.
Accounting and Financial Protections
Accounting is another service provided by property managers, which is especially important during tax time. You’ll get a 1099 at the end of the year and statements every month. We have procedures in place to protect your assets and investment property. For example, we conduct property inspections. Evaluations are done once a year, and we do a full written report with pictures. We send it to you so you can see how your property is being taken care of, and how the tenants are doing. We can send a notice to correct if we feel something needs to be fixed.
These are some examples of what professional Las Vegas property management services can do for you. If you have any questions about us or Las Vegas property management, please don’t hesitate to contact us at Tradewind Investments.