The leasing process is crucial to the success of a rental property. A well qualified tenant will become a huge asset to the landlord and make a property profitable.
Rental Marketing
Your house will be advertised in the most effective marketing process available. The property will receive a neighborhood sign, lockbox, and classified ads will be placed in the local newspaper (additional charge). We have a very unique recorded message produced about your house, available 24 hours a day, 7 days a week for inquiring tenants. This way they get instant information without the "intimidating" real estate salesperson. Your property is listed on the Realtors Multiple Listing Service and will be available to over 11,000 agents throughout the valley! Your property listing will be in the nationwide www.lasvegasrealtor.com and www.reviewjournal.com.
We assist you in setting the price of your rental. We will use the latest rental information from the Realtor''s MLS listings about similarly rented properties in your neighborhood to help set the price. Because we work in our market every day we may know some things that may be helpful in marketing your property to achieve the fastest and highest rental prices.
We have 3 full time, licensed, leasing agents available to show your property. They answer tenant questions, take applications to rent, evaluate the tenants qualifications and sign the lease. Landlords are always consulted for approval of the tenants application before leases are signed.
Tenant Selection
Tenant applicants are screened for credit rating, employment, prior landlord referrals, pets and any number of other factors affecting the occupancy. Landlords are always involved in the selection process, however, all federal Fair Housing laws, state and local ordinances are observed in this process.
Credit ratings are the best source of a tenant's financial responsibility. If the credit is weak we inquire into the cause of the problem. If major medical problems or business venture losses are the cause we tend to discount the problem. If the problem was neglect, over indulgence or divorce we disqualify the tenant.
Leases are signed when tenants are approved by the landlord. We collect the required deposits, and pre-paid rent at the time of lease signing. Our leases are durable and well tested. The lease has been a case of evolution as the market changes or challenges arise.
Leases are generally signed for 1 year or longer as market conditions allow. "Time is Money" is especially true when dealing with vacancy. Vacancy is a major cost of the landlord. Lost rent, cleaning, painting, shampooing, leasing commissions, advertising will drive the cost of an empty rental skyward.
Leases are important because the responsibilities of both the landlord and tenant are put in writing. The landlord must provide a habitable property, safe, and free of hazards. The tenants must pay for the use of the property and maintain it in a responsible manner. The lease will disclose the details of each parties responsibilities.
Tenants are expected to pay security deposits equal to about 1 months rent. All deposits and rents must be paid in full, prior to move in. There are no exceptions. We do not allow payment plans for deposits. If tenants cannot pay full deposits up front, they generally cannot afford the property.
Property Condition
RE/Sys staffers will perform a detailed home evaluation upon accepting the management agreement.
Our first concern is the physical condition and the all important health and safety check. We would like to keep the property in "near new" condition and we strive to have every room in the house resembling "quality hotel". When tenants begin their occupancy with a tidy, maintenance-free home they are happy campers! Happy tenants tend to stay longer in the property.
A "CLEAN" house can take many forms. "Acceptably" clean, "spotlessly" clean are not always the same. We find that one can clean the property endlessly if allowed. A cleaning cutoff point must be established for the condition and age of the house.
Our second concern is to establish a base line for the condition of the property. We need to know, and acknowledge to all parties, the existing damages or deficiencies prior to occupancy. At the end of the lease, any additional damages (beyond normal wear and tear) can then be contributed (and billed) to the tenant.
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