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10 Reasons to Hire a Property Manager in Las Vegas

Juan Martinez • February 9, 2022

las vegas neighborhood with view of las vegas strip

Rental properties in Las Vegas are a business with serious revenue potential. There is always demand for homes here, from properties near the strip to homes in the hills. Las Vegas draws business professionals from every corner of the world and whether they're here for a year or here to stay, rental homes are a valuable resource in our ever-evolving economy.

Of course, owning an investment property and managing a rental home are two completely different things. If you've made a smart investment with one or more Las Vegas properties, there are many good reasons to hire a property manager to handle the everyday and year-on-year responsibilities of keeping these properties profitable.

Let's dive into the 10 reasons to hire a professional property manager in Las Vegas:

1) Keeping Up with Regular and Long-Term Property Maintenance

Every investment property needs regular upkeep to make sure it stays in a profitably high-quality condition. From scheduling the landscapers to remembering to have the stone countertops resealed every three years, that is what Las Vegas property managers do best. Your rental homes need constant care, with or without tenants, and a property manager can make sure that happens neatly between tenants or by working with tenants to keep the maintenance schedule.

This is one investment-protecting step you won't have to worry about. Your Las Vegas property manager will be there to make sure each investment remains in great condition from one tenant to the next.

2) Ensuring the HVAC Can Handle the Hot Summer Days and Cold Winter Nights

Las Vegas also has some unique requirements when it comes to large appliance care. In addition to hard water and dry air, the temperatures can also reach extremes at both ends of the thermometer. Our desert location means that tenant health and safety rely on a high-performing HVAC for efficient cooling in the peak of summer (really, most of the year) and an efficient heating system for those temperature drops on winter nights. A property manager in Las Vegas will know to keep a special eye on the HVAC so your unit stays in good condition and your tenants stay cozily satisfied in each home.

3) Screening and Selecting Reliable Las Vegas Tenants

Tenant selection is also essential, especially here in Las Vegas. With so many people moving through the city for temporary, mid-term, and long-term stays, our tenant selection is a little more interesting than other cities. This means you need a pro who can tell the difference between a reliable professional family and a wild group of friends who are looking for a crash-house. While both may have the funds, a good Las Vegas property manager can ensure each new tenant selected will treat your properties with respect.

4) Managing a Competitive Tenant Turnover Process

Las Vegas also has a competitive real estate market, with many homes competing for constant turnover of resident professionals. This means your turnover process needs to be on-point to compete with other homes in each neighborhood and buyer market.

A property manager in Las Vegas can take over tenant turnover with competitive precision. They will ensure every carpet is steam-cleaned, every mirror is polished, and your potential tenants are nothing but impressed on their first walkthrough. You can also count on quality online marketing with fresh photos and well-crafted listings for the digital house-hunting audience of today.

5) Providing High-Quality Customer Service for Las Vegas Tenants

For tenants, the sign of a great property manager is a responsive team with a functional website. Customer service matters. Your future tenants are looking not just for a good house, but a reliable property manager who will answer their emails, perform repairs in a timely manner, and help smooth over any bumps in the leasing or move-in process. A skilled property manager can not only meet but exceed the customer service expectations of your prospective tenants.

6) On-Call for Regular Repairs and Tenant Emergencies

Most people who buy investment property are not looking to answer the phone at all hours of the night. But sometimes, that's exactly what your tenant needs. If a pipe bursts, a light fixture falls, or the roof starts to leak; you need someone with a team that can handle both timely repairs and remains on-call for these important tenant emergencies.

A Las Vegas property manager can be there for your tenants, rain or shine, so you can focus your energy on other projects.

7) Stay Professionally In Compliance with Las Vegas Rental Laws

Compliance is essential to do any kind of business in Las Vegas. The rental home laws and regulations here are reasonable, but not to be trifled with. Your Las Vegas property manager is a real estate professional who is familiar with all the LV rental laws and how to easily stay within compliance. Their routine in managing each home will have compliance built-in so you don't have to worry about accidentally overlooking essential maintenance tasks or lease details.

9) Manage Your Las Vegas Vendor Relationships

Your property manager can also help you build and maintain a strong relationship with all your property service vendors. A Las Vegas property manager is familiar with trustworthy local plumbing and contractor teams to perform repairs and likely has more than one landscaping team they can call on for quick property turnover or even assisting tenants in keeping up with an HOA's lawn standards. These vendor relationships are essential because each vendor can learn the unique needs of your properties and will provide the best, reliable value for every scheduled work task you need taken care of.

8) Perform Regular & Professional Property Inspections

Property inspections are easy to overlook when you're managing investment properties on your own. But a property manager in Las Vegas will never overlook the annual or biennial property inspection - with or without tenants in residence. While tenants live in each property, an inspection will need to be politely scheduled with at least 24 hours forewarning. These inspections can be friendly, informative, and your property manager can even provide helpful tips so your tenants can take even better care of your properties while in residence.

9) Neatly Handle Difficult Tenant Situations

While tenant selection is key, sometimes difficult situations arise even with the best tenant screening. Residents who move in troublesome roommates or even an eviction situation can eat up all your time - unless you have a property manager to deal with it for you. A professional who is familiar with rental home management can more smoothly handle tenants who need help, tenants with financial troubles, and the occasionally necessary eviction process.

10) Maximizing Your Profit Potential

Finally, a property manager in Las Vegas will know how to maximize your profits. Setting the right rent, raising the right amount each year, and preparing homes to be more valuable in the eyes of tenants are all strategies that can improve your ROI and boost your income from investment properties in Las Vegas.

Do you have Las Vegas investment properties, or are you planning to start investing in LV real estate? A Las Vegas property manager can be the essential key to great returns, easy management, and increasing the value of your investment properties year on year. Contact Americana Property Management to learn more!

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What Does a Property Management Company Actually Do? Behind the Scenes Look

November 26, 2024

A lot of people think property managers just sit back, relax, wait for the phone to ring, collect rent, and that's it. My name is Jorge Rodriguez, president of Americana Property Management in Las Vegas, and I want to show you what really goes on behind the scenes in property management. Should You Hire a Property Manager? Whether you own one property or twenty, there comes a point when managing everything yourself becomes overwhelming. At Americana Property Management, we typically help owners who: Own multiple rental properties and can't keep up with all the demands Live far from their Las Vegas investments Want their rental income to be truly passive Don't want to deal with hiring maintenance staff and contractors Can afford to invest 8-12% of their rental income into professional management The cost of property management isn't just an expense - it's an investment in protecting your property and maximizing its value. Let me show you exactly what I mean. How We Protect Your Investment A lot of owners don't realize how much liability they take on when they self-manage. At Americana, we: Stay current with all landlord-tenant laws Use legally-sound lease agreements that protect your interests Handle evictions professionally when needed Document everything to protect you from false claims Maintain detailed records of all income and expenses Take care of tax documentation Most importantly, we act as a buffer between you and your tenants. When there's a challenging situation - like late rent or lease violations - we handle it professionally so you don't have to be the "bad guy." How We Find Qualified Tenants The number one thing is making sure we find a qualified applicant for your home. At Americana Property Management, we market homes on over 50 websites, including: Zillow Trulia Realtor.com Apartments.com We also list properties on the MLS and work with other realtors to show our homes. We've found that applications from realtors tend to be better because the realtor pre-qualifies them before showing homes. Our Tenant Screening Process When we receive applications, we put them through a very strict verification process: Background checks Credit checks Rental history verification Employment verification Reference calls We want to make sure the person we're putting inside your home is going to pay rent on time and take care of the property. This verification process is vital to successfully managing your property. Once we complete the verification process, we always reach out to the owner with our findings and get their final approval before moving forward. The Move-In Process Setting Up the Lease We draft up a landlord-friendly lease agreement that protects everyone involved - the owner, the property management company, and the tenant. This gives us a legal binding contract that we all must abide by, preventing any misunderstandings in the future. Move-In Orientation Other property management companies might call this a move-in inspection, but we take it a little further. We: Document the condition of the home with pictures Demonstrate how the home functions, including: Where to shut off water if there's a leak How to reset breakers How to reset a GFCI How to relight a water heater How to change filters How to change batteries in smoke detectors and thermostats Ninety-five percent of work orders are very small and something the tenant can take care of. By showing them how during the move-in orientation, we save our owners money on unnecessary maintenance calls. How We Handle Day-to-Day Property Management Rent Collection We make sure rent is collected by the first of the month. Tenants have until the third to pay with no late fee - that's their grace period. On the fourth, they're charged a 5% late fee. If a tenant still doesn't pay rent, we start serving legal notices and ensure we follow through on our collection efforts. Maintenance and Repairs Tenants can submit work orders through our online portal - the same place they make rent payments. When we receive a work order: We inform the owner We dispatch our vendor to diagnose and repair the issue If the cost exceeds our approval limit, we contact the owner so we can make the right decision together Our vendors provide us discounts because of the volume of work we give them. These savings get passed on to our owners - you're getting highly qualified vendors for less than what you'd pay finding someone through Google. Working with Home Warranty Companies If you have a home warranty, we handle everything: Filing the claim Coordinating with the tenant Making sure the vendor goes out Following up to ensure everything is working properly HOA Violations If your property receives an HOA violation: For tenant-caused issues: We contact the tenant and ensure they fix the violation For owner responsibilities: We communicate with you, get bids if needed, and help choose the right vendor to resolve the issue How We Save You Money with Our Vendor Network One of the biggest advantages of working with a professional property manager is our vendor relationships. At Americana Property Management: We have trusted vendors for every type of repair and maintenance Our vendors give us significant discounts because of our volume We only work with licensed, insured professionals We know which vendors do quality work at fair prices We handle all vendor coordination and payment Think about it: When you search for a plumber on Google, you're paying retail prices and taking a chance on quality. Our vendors know they'll get consistent work from us, so they give us better rates - and those savings get passed directly to you. How We Keep You Informed We believe in complete transparency with our owners. Through our online portal, you can: See real-time updates on rent collection Review maintenance requests and approvals Access monthly financial statements Track property performance View all property-related documents Every month, you'll know exactly: How much rent was collected What maintenance was performed Any upcoming expenses or needs Your property's bottom line We take care of your property like it's our own, and we make sure you always know what's happening with your investment. The Lease Renewal Process We start the renewal process 90 days before the lease expires. During this time we: Compare similar properties to see if a rent increase (usually 3-5%) is justified Inspect the property to ensure it's being properly maintained Review the tenant's payment history We take all these factors into consideration before offering a renewal, and we always get your blessing before moving forward. Most of our initial leases are for one year. This gives us flexibility - if a tenant isn't paying on time or taking care of the home, we can give them a 30-day notice to vacate instead of renewing. However, when we do find good tenants, they tend to stay in our properties between 3 to 5 years. We really try to find long-term tenants so you can make consistent income from your investment. Looking for Property Management? Our main focus is making sure your interests are taken care of. You collect a nice check every month, and we handle all the headaches. If you have any questions about how we can help manage your property, you can reach us at 702-719-2100 or email us at pm@americanapm.com.