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General Landlording & Rental Properties

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Ron Nir
  • Property Manager
  • Las Vegas, NV
14
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What Are the Benefits of a Property Manager in Las Vegas?

Ron Nir
  • Property Manager
  • Las Vegas, NV
Posted Sep 19 2019, 10:53

What Are the Benefits of a Property Manager?

Navigating the Las Vegas rental market can be volatile, due to its desirability and tenants looking for both long term and short-term rentals. Having a property manager to tend to your rentals has several benefits.

1. Fewer Legal Problems

A single tenant can be the source of serious legal and financial trouble. A property manager offers the tools and knowledge to limit the number of legal issues you may encounter, based on tenants and property condition. Property management can help reduce liability by:

● Screening for high-quality tenants

● Assuring property conditions and safety

● Evicting tenants following applicable laws and local statutes

● Inspecting units before and after lease terms

● Providing rent and security deposit collection

● Handling lease signing and termination

A dedicated property manager can help reduce your risk of legal trouble by assuring that your lease and property follow all applicable rules and regulations. Even one avoided lawsuit translates into money saved.

2. Long-Term Tenants

A property manager increases the likelihood of having long-term tenants, which saves money on background and credit checks and eliminates the stress of continually finding new people to lease the property. A property manager that implements a rigorous screening process will effectively avoid tenants who may only be looking for something short term or may be less likely to pay their rent on time.

3. Lower Maintenance and Repair Costs

Property management technology can help keep your repair and maintenance costs low. A few tech-focussed property management companies use sensory technology to identify home and maintenance issues and resolve them before they become major problems. Any homeowner knows that addressing an issue quickly translates to significant savings.

4. Simple Rent Collection

A property manager takes over the menial job of collecting rent, including addressing non-payment by residents. Property managers can simplify the process and make it easier for tenants to make payments and for landlords to get paid.

5. Fewer Vacancies

Property managers can help you continually find high-quality tenants that are more likely to pay and more likely to stay. When you do have a vacancy, having a property manager list and screen tenants can remove stress.

Las Vegas property management services can help you save money and time by taking over the hardest aspects of property ownership. 

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Rene Doyle
  • Rental Property Investor
  • CA
52
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235
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Rene Doyle
  • Rental Property Investor
  • CA
Replied Sep 19 2019, 12:04

@Ron Nir thanks for the info. What are some areas good for buy and hold SF?

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Robert Biggerstaff
  • Contractor
  • Pensacola, FL
240
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303
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Robert Biggerstaff
  • Contractor
  • Pensacola, FL
Replied Sep 19 2019, 14:51
Originally posted by @Ron Nir:

What Are the Benefits of a Property Manager?

Navigating the Las Vegas rental market can be volatile, due to its desirability and tenants looking for both long term and short-term rentals. Having a property manager to tend to your rentals has several benefits.

1. Fewer Legal Problems

A single tenant can be the source of serious legal and financial trouble. A property manager offers the tools and knowledge to limit the number of legal issues you may encounter, based on tenants and property condition. Property management can help reduce liability by:

● Screening for high-quality tenants

● Assuring property conditions and safety

● Evicting tenants following applicable laws and local statutes

● Inspecting units before and after lease terms

● Providing rent and security deposit collection

● Handling lease signing and termination

A dedicated property manager can help reduce your risk of legal trouble by assuring that your lease and property follow all applicable rules and regulations. Even one avoided lawsuit translates into money saved.

2. Long-Term Tenants

A property manager increases the likelihood of having long-term tenants, which saves money on background and credit checks and eliminates the stress of continually finding new people to lease the property. A property manager that implements a rigorous screening process will effectively avoid tenants who may only be looking for something short term or may be less likely to pay their rent on time.

3. Lower Maintenance and Repair Costs

Property management technology can help keep your repair and maintenance costs low. A few tech-focussed property management companies use sensory technology to identify home and maintenance issues and resolve them before they become major problems. Any homeowner knows that addressing an issue quickly translates to significant savings.

4. Simple Rent Collection

A property manager takes over the menial job of collecting rent, including addressing non-payment by residents. Property managers can simplify the process and make it easier for tenants to make payments and for landlords to get paid.

5. Fewer Vacancies

Property managers can help you continually find high-quality tenants that are more likely to pay and more likely to stay. When you do have a vacancy, having a property manager list and screen tenants can remove stress.

Las Vegas property management services can help you save money and time by taking over the hardest aspects of property ownership. 

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User Stats

303
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Robert Biggerstaff
  • Contractor
  • Pensacola, FL
240
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303
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Robert Biggerstaff
  • Contractor
  • Pensacola, FL
Replied Sep 19 2019, 14:51

All great points that he brings up. The other part of it is if you don’t have the fortitude to be a landlord then it is best to use a property manager

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Ron Nir
  • Property Manager
  • Las Vegas, NV
14
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18
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Ron Nir
  • Property Manager
  • Las Vegas, NV
Replied Sep 19 2019, 17:28

@Rene Doyle  It depends Rene on what you are looking for. If you want high returns then north area, if you want more appreciation then west side and Henderson are your best bets :) 

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Replied Sep 19 2019, 18:48

@Ron Nir Thanks for the great post. What is the best PM company to manage large multifamily properties in the LV valley?

User Stats

18
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14
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Ron Nir
  • Property Manager
  • Las Vegas, NV
14
Votes |
18
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Ron Nir
  • Property Manager
  • Las Vegas, NV
Replied Sep 20 2019, 10:35

@Josh Sharp That a great question that I am unable to answer here due to regulations of the forum :)

 I would suggest you check my profile for more info regarding your question.  

User Stats

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Rene Doyle
  • Rental Property Investor
  • CA
52
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235
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Rene Doyle
  • Rental Property Investor
  • CA
Replied Sep 23 2019, 11:58

@Ron Nir thanks, looks like my research was right on!