Renting your home out to a complete stranger can be very scary, screening tenants adequately, the possibility of unpaid rent, damages and possible evictions if the right person is not chosen.
We have a developed a point, grade and match system for screening tenants. The tenants can accumulate good and bad points based on credit, rental references, home ownership and job history. Based on their final point score they are then graded A to F. Each of our homes are also given a grade based on condition and location. Within our company no tenant will qualify for a property with a higher grade score that what they have. Although screening and securing a good tenant is critical it is only the first step in the process.
Next comes the move in, documentation of condition, lease signing, monthly rent collections, routine inspections, monthly financial statements and eventually the move out and turn over of the property to find another tenant all the while following Nevada law. We are trained and educated in every aspect of property management law. Our team of professionals will handle every step for you all the while keeping you informed.
Tradewind Investments has the lowest cost in the business to get your property rented. We have no set up fees. We charge $50 a week for advertising and $350 as a referral/leasing fee to agents once the property rents. So if you price your home correctly and it rents in the first week your total cost would be $400. Add $50 per week for every week after that the property is vacant.
We will direct wire your rental proceeds to your bank account which completely safe, secure and most of all timely. Rental proceeds for properties that tenants have paid rent on time go out of our office by the 10th of each month. With our state of the art software you will have online access to your accounting records 24 hours a day 7 days a week. You will be set up with an “owner portal” that you can access with a name and password that allows you to view your current and past monthly financial statements. All financial statements are published by the 15th of each month.
Our rents are due on the first day of the month there is no grace period. If rent is not received by the 5th of the month the eviction process is started. It begins with a “5 day-notice to pay or quit” this notice actually takes 8 working days not including weekends and holidays. If the tenant still hasn’t paid by the end of the period, the 5-day notice is followed by a “24 hour lock out”. This is where the tenant is physically removed from the property by the sheriff’s office, the locks are changed and the property is secured. Complete evictions are very rare. Tenants will usually pay at some point during the process. Once a tenant is late we do not accept personal checks, tenants must pay in certified funds. The owner is contacted during this period and kept informed.
It is always advisable to list your property a small amount below the competition or below far market value, and we’ll help you find the right price without charging you extra setup fees.
Pricing a property correctly is the most critical decision an owner can make. Rental price determines everything, how fast a property will rent, what type of tenant you will get etc. We will conduct a comparative market analysis for you from the MLXchange data base.
Once a tenant is screened they will presented to you for final approval. No property manager in our company is able to accept an un-qualified tenant, or a tenant that’s score is not as high as it should be for the house they are interested in.
We go into the property every 6 months during the occupancy of the tenant and take photographs and do a complete written report for our owners. This provides great peace of mind for our clients to know how the tenants are living, decorating and caring for the property.
At Trade Wind Investments we have an “in-house” maintenance staff. That means we control time, schedules and prices. This has been one of the best things we have ever done in our business. There is no waiting for an outside handyman, or worse waiting for the invoices to come in and not always knowing what to expect
We are always available to answer your questions or concerns – We ask that owners provide us with cell numbers and email address as all of our managers are provided with smart phones to be able to contact owners whenever necessary.
Finding your new home might be difficult, but our experienced team are here to help you make this process much easier. Contact Tradewind Investments and get the professional advice you need!