If you have been considering hiring a property manager in Las Vegas, then you may have been giving some thought to what a property manager actually does for you. Because property management establishes a contractual relationship between a property owner and the management company, the exact obligations of a property management company can vary. However, property managers generally handle the day-to-day business of handing your rental property. This involves:
- Finding tenants for your properties. Finding tenants includes everything from running ads to find perspective tenants, handling credit checks and tenant interviews, and handling rental contracts once a prospective tenant has been found.
- Collecting rent from your tenants. Obviously, collecting rent involves the actual act of collecting rent, but it also involves dealing with tenants when rent is overdue. A property manager will notify a tenant that rent is late in the manner dictated by statute and pursue remedies for late rent, in a way that preserves all of your legal rights as a landlord.
- Handling routine maintenance. This includes property maintenance needs as well as handling between-tenant cleanings.
- Handling emergency repairs. Property managers either contact third-party service providers or use their own repair and service people to provide fast-responses for emergency repairs. Oftentimes, they are able to secure these repairs at less expensive prices due.
- Handling tenant complaints. Whether handling disputes between tenants or handling tenant concerns about the property, property managers handle tenant relations.
- Handling evictions when they are necessary. From ensuring that the proper steps are followed to permit an eviction to overseeing the actual physical removal of evicted tenants, property management companies handle evictions.
Clearly, property management companies can greatly simplify being a landlord. If you want to find out more about property managers in Las Vegas, contact Real Property Management Las Vegas for your Las Vegas to find out what we can do for you.