Posts in category: Property Management

When you don’t look too far behind the scenes, being a Property Manager sounds pretty ‘easy-peasy.’ After all, what does a Property Manager do, anyway? Hand out keys, collect the rent, and get paid big fees for a few minutes of work each month?

Well, as soon as you find a Property Manager that does only that – give us a call. Because we’ve never met a reputable property manager who didn’t work hard on behalf of their clients to keep all the i’s dotted, the t’s crossed, the tenants, owners and maintenance people happy – all while complying with the laws and regulations of the city, county, state – and the Feds.

Not that we’re complaining! Far from it! When you’re an experienced professional in the real estate industry – as are the experts at New Home Resource – it’s almost a genetic thing for us. We can’t wait to dive-in to organize and address all the steps involved in managing our clients’ properties to the nth degree. It’s something we love, or we wouldn’t be doing it!

But be under no illusion that it’s an easy job – and that’s something that a new income property owner might not realize. A Property Manager needs to know how to handle all the steps required in order to do their job well – while at the same time maximizing the owner’s investment. That includes setting the rental rates, advertising for new tenants, properly screening and researching potential tenants, addressing maintenance issues, handling emergency calls, keeping detailed records, collecting rents on time – and much, much more.

Being prepared by taking as many steps as possible to avoid potential problems may be an even more crucial responsibility for a Property Manager. By not properly screening tenants, a situation might turn into an eviction and/or legal nightmare. By failing to properly maintain a property, a minor repair issue can turn into a major expense. Even unanticipated events such as storm damage can create far larger and more costly issues than they should — if they’re not addressed properly at the time they occur. (Sometimes, even the best laid plans get can have the proverbial wrench thrown into the mix!)

Of course, not everyone thrives on those challenges like we do. It takes time, knowledge, experience and connections throughout the industry to do it well. That’s our business. But for a property owner, handling all these details on your own may not be something you enjoy, have time for, or be the most effective use of your own talents.

That last part is perhaps one of the biggest advantages Property Managers have to offer you as the owner. By taking all that responsibility off your plate, it gives you the time to do what you do best. That frees you up to acquire more properties and assets, develop your investment portfolio, and increase your personal wealth.

To find out how the New Home Resource Property Management team can help take the burden off you and maximize your investment better than you ever imagined possible, give us a call. We’re here to help!

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or visit www.newhomeresource.com. Broker Joanna Piette, and agents Denise Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

Let’s say you own a piece of income property in Las Vegas, or perhaps you’re in the process of considering making that leap from “homeowner” to “landlord.” Outside of your due diligence in finding the right property (or properties) to buy for this substantial investment – one of the things you also need to take into consideration is this: Who is going to be your property manager?

The smart real estate investor is going to be leaning towards finding the right Property Management company to handle those details. Why would they want to use a Property Manager instead of just doing it all themselves, you ask? Actually, for a lot of reasons. So many, in fact, that we recently wrote a 5-part series of articles that specifically address those reasons – and you can find this series on our blog, 12 Reasons to Hire a Property Manager, and How a Property Manager Takes Care of Business (Parts 1-4).

Those articles address everything from meeting legal requirements for screening tenants to maximizing savings with your property manager’s vendor relationships – and a few dozen other details that lie between.

But that all happens after you select a Property Management firm to work with. So how do you get started down that road? You want someone that can take the day-to-day management burden off your shoulders, and allow you the time and freedom to move forward with acquiring additional properties and increasing your income potential.

At New Home Resource Property Management, there are four key steps to the process, and we’re happy to outline them here – so there are no surprises, you know exactly what to expect, and you can rest easy knowing that your valuable investment has been placed in the right hands.

Step 1: Discovering Your Goals

Initially, we’ll want to sit down with you to discuss your needs and determine your long-term goals for your investment – and explain how our services can best support those goals for you. We’ll also prepare a rental analysis so you can see what’s currently happening in the market and how much rental income you can anticipate getting for your home. All your questions about our services and the property management process will be answered at this meeting.

Step 2: Setting Up Your Account

Next, it’s time to put a property management agreement into place. We’ll also gather additional data about your home so we can effectively manage it, and do a pre-list inspection with multiple photos that can be used for managing, marketing and leasing purposes moving forward.

Step 3: Marketing & Locating Potential Tenants

Marketing your property to all the relevant platforms is where we start, and as potential tenants contact us, we’ll show the property, screen backgrounds of applicants, check references, and constantly update you on the status of our progress. Effective tenant screening is one of the most important aspects of property management, as long-term, high-quality renters will increase your profitability. It is an element that we take very seriously at New Home Resource Property Management.

Step 4: Leasing and Property Management

Once a tenant has been approved, we handle all documentation, inspections, and then take over all the relevant management responsibilities as per our agreement. That includes setting up access to our online software portal, wherein you can view statements of income and expenses, and keeping you in the loop regarding maintenance and repair issues. Maintaining a good relationship with tenants is a critical aspect of our operation, as it results in less turnover for your property, thus fewer expenses for you.

It’s estimated that 48% of the people living in Southern Nevada are renters. With roughly 2.2 million residents in Clark County, that’s a pretty staggering figure. (Approximately 1,056,000 renters, just to help with that math.) There’s a reason real estate investors choose Las Vegas as one of their top cities for acquiring rental properties – the demand is there to support it.

Of course, that also means that the demand is there for many other aspects of this type of ownership, including maintenance and repair vendors – among other things. The last thing you need is to spend your days chasing down contractors and negotiating pricing, on top of the thousand-and-one other duties involved in finding the right tenants, collecting rents, and paperwork – lots and lots of paperwork.

At New Home Resource Property Management, we have all those resources already in place and working for our clients – not to mention years of experience in real estate as a whole, unique knowledge of the area, and the staff to make sure your investment is maximized in every possible way. In addition, we also offer investment strategies and can help you identify other investment opportunities that might be available so you can continue to grow your portfolio. Find out more by contacting our office today.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or visit www.newhomeresource.com. Broker Joanna Piette, and agents Denise Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

That’s a tough topic, huh? As Property Managers ourselves here in Las Vegas, it seems like this article might sound like it goes a little against our own interests. Or . . . does it?

Actually no. Because we firmly believe that if we’re not doing a great job managing your rental properties, then maybe we should be fired. Although we would like to believe that our clients know us well enough that they would be comfortable voicing their concerns and allow us to ‘clear the air’ – either by assuring them of our efforts, or changing things to their liking.

But perhaps you’re already working with another property manager, and you’re not quite sure if they’re doing a good job. How, exactly, can you know? Especially if you live in another city far away from your properties – because you’re having to rely on them completely for accurate information and current updates on the status of your homes and tenants (or lack thereof).

Enter: New Home Resource Property Management with the answer to that question. In fact, make that a list of “5 Red Flags” you should be aware of to determine whether or not you’re getting the service and value you should.

Red Flag #1: When is the last time you heard from your property manager? If they’re not contacting you promptly with any updates and reports on your properties, then that’s a problem. You shouldn’t have to reach out to them to get that information and an assurance that everything is under control. Even worse: What if you’ve tried to get in touch with them, and they’re not returning your calls or emails? Then start worrying. Because if they’re not even handling their paying clients (you!) properly, how can you feel comfortable that they’re coping with your properties and tenants as they should?

Red Flag #2: You’re Consistently Getting Bad Tenants. This is typically the result of poor screening policies. Sure, a bad tenant can happen to anyone from time to time, despite all the best efforts. But if it keeps happening over and over, it’s costing you money – either in repairs, lost rental income, or (gah!) perhaps even lawsuits with tenants over possible mismanagement.

Red Flag #3: Typically, you should receive an annual interior inspection. If you’re not getting a detailed report on a regular schedule, it could mean that there are repairs or code violations needed that you’re not being advised of – and that your PM isn’t managing.

Red Flag #4: Speaking of reporting… Depending on your property manager’s software systems, you should either have 24/7 access to your own property account, or you should be receiving a monthly printed report of your properties’ income and expenses – broken down item by item. If not, then, uh……we don’t have to tell you that’s a bad sign.

Red Flag #5: You’re hearing directly from tenants that repairs or other issues aren’t being addressed. Not only does this unnecessarily and adversely affect your relationship with your tenant, but if a minor repair becomes major due to lack of attention, the expense to you goes up – and it may even be bad enough to give your tenant grounds to break the lease. Result: Lost income.

If any of these red flags should arise during the course of your relationship with your property manager, it’s a good idea to reach out to them to discuss your concerns. In some cases, they may have a staff member who’s “gone rogue” and they haven’t discovered the problem yet. And there’s the possibility that they may just step up their game and come through for you better than you might have hoped. But after one more chance (if you feel comfortable giving that to them), you may discover that you’ll do much better by hiring a different company to handle your income properties.

In that case, did we mention that New Home Resource Property Management is always here to help? ☺

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or visit www.newhomeresource.com. Broker Joanna Piette, and agents Denise Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

This is our final installment in showcasing the specific benefits for owners when working with a Property Manager (but – just a hint – we have a feeling we’ll have more information to share in the future!).

In our previous articles, we shared a lot of information – but in case you’ve happened upon this article a little bit out of order, here’s where we’ve been so far:

• 12 Reasons To Hire A Property Manager introduced an overview of how working with a Property Manager can not only make your life easier, but help to ensure your cash flow is optimized on the properties you own.
• How a Property Manager Takes Care of Business – Part 1 addressed the importance of finding and keeping quality tenants, minimizing potential legal problems, and gaining the ability to rely on your Property Manager’s relationships with vendors.
• How a Property Manager Takes Care of Business – Part 2 explained the importance of setting the right rental rates, marketing/ advertising/showing your property, and the necessity of staying in compliance with the legal requirements a landlord must meet.
• How a Property Manager Takes Care of Business – Part 3 illustrates the many steps involved in locating and screening the right tenants, making sure rents are paid on time, and why it’s so important to keep your property maintained and repaired.

And now, we’ll just wrap it up with these two very important points (if you place value on your time and energy, that is).

Papers, Papers Everywhere

We’ve created an entire series of articles about how a Property Manager can be a very smart choice to handle your income properties – and we’re just hitting the wavetops here. Imagine the scheduling, documentation, legal processes, and more that need to be followed for every single property you own. That’s going to take time, accounting, and some whiz-bang organizational capabilities. If – that is – you’re doing it all yourself.

But a Property Manager can take care of the majority of these details for you much more easily – and here’s the secret: Repetition. The processes and people are already in place to take care of managing your property. Your Property Manager knows the law, the area, and the (seemingly) million-and-one other details that must be followed to make sure it’s all done right.

Just think about having to handle evictions, property inspections, lease negotiations, lease terminations, and the collection of rent from tenants. Tracking the details, keeping the receipts, managing deposits – oy! It can be difficult to organize all of a rental home’s expenses when tax time rolls around, and because of this, many homeowners miss out on some deductions. A Property Manager can provide detailed income and expenses reports as well as cash statements every month – saving you the bookkeeping headache.

What’s This Going To Cost Me?

Many property owners are afraid to hire a property manager because of the cost involved – not realizing they will actually make more money in the long term due to the increased care of the property. And that’s not even considering the time and energy the owner will have available, leaving them free to devote their efforts to more lucrative tasks – like acquiring additional income properties and growing their financial portfolio.

In essence, by hiring a Property Manager to handle the myriad of details, interactions, documentation, and regulations involved with making sure your income property is handled the right way in every respect, you’ll get better tenants that stay longer, have less damage and repairs to deal with, and your property will stay in great shape – all under the watchful and attentive eye of a licensed and experienced manager who is working for you. That will keep your property earning you income for years to come – and isn’t that the whole point? Contact New Home Resource Property Management to learn more. Visit our website or give us a call at 702.365.1000.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

Welcome to Part 3 of our introduction to why a Property Manager may be the best choice for handling your income properties. A week or two ago, we introduced 12 Reasons To Hire A Property Manager, and we’ve delved a bit further into each of those reasons in subsequent posts about “How a Property Manager Takes Care of Business.” Just to recap, in Part 1 – we addressed regarding finding and keeping quality tenants, minimizing potential legal problems, and the ability to rely on your Property Manager’s relationships with vendors. And in Part 2, we explained the importance of setting the right rental rates, marketing/advertising/showing your property, and staying in compliance with the legal requirements a landlord must meet.

Today, we’d like to talk about some of the things that in theory, all sound like pretty simple, straightforward, and easy items to take care of – but then again, there might be a few surprises in here you haven’t had a chance to think through. So let’s get started!

The Right Steps to Finding The Right Tenants

Finding applicants, conducting interviews, doing background checks – and that’s just for starters. Sure, you can do it all yourself (if you have a lot of free time!) – but by hiring a Property Manager, you’re also getting the benefit of their access to a wealth of resources that allow them to find qualified new tenants faster. Property managers typically have a larger pool of applicants from which to choose due to their extensive marketing and advertising programs. In fact, an established property manager may already have a waiting list of potential tenants.

Their experience also streamlines the screening process, which includes securing criminal background and security checks, running credit reports, verifying employment, and collecting previous landlord references. One of the biggest advantages to hiring a professional property manager is the ability to avoid legal hassles. With a full understanding of all the local, state and federal laws when it comes to discrimination in screening and selecting tenants, property managers help you avoid problems by ensuring compliance with these regulations. The end result? You receive a small number of well-vetted and highly qualified potential tenants from which to choose

Rent (Like Love) Isn’t Always On Time

“The check is in the mail!” Uh, not always so much. As a property owner, you depend on the rent arriving each month on time. When this doesn’t happen, there can be a tremendous amount of time and effort involved with tracking it down. Property management companies have efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. You’ll find this particularly important if you have a limited number of properties and collecting payments on time is crucial to maintaining your cash flow. Letting late rent slide can create a situation where the tenant is able to live in your property rent-free for as long as it takes to evict them. A Property Manager will be your no-nonsense rent collector and will take immediate action if the rent is late. They’ll document all steps taken and remain in compliance with the law.

Keeping Your Property in Its Best Condition

Good maintenance and repairs keep tenants happy and preserve the value of your investment – pretty important points about managing your property to maximize your financial return. So making sure that these things are covered requires something not everyone has: Good existing relationships with service vendors. Property management companies have those relationships with maintenance workers, tradesmen, contractors, and suppliers – in a manner that’s almost impossible for an independent landlord to duplicate.

You have questions? We have answers. New Home Resource Property Management invites you to contact us to learn more about our background and expertise in the Las Vegas property management market by visiting our website – or contacting us at 702.365.1000.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

In Part 1 of this series, we provided some context about certain aspects of a Property Manager’s responsibilities – specifically regarding finding and keeping quality tenants, minimizing potential legal problems, and the ability to rely on your Property Manager’s relationships with vendors.

For this segment, we’d like to expand on those details that need to be addressed properly before a tenant even enters the picture. Because the fact is, there’s far more to doing it right than just putting an ad in the paper. Let us explain.

Setting the Right Rental Rates

As an investor, you’ll want to ensure that you’re getting the best price for your rental. But there’s more to pricing than just picking a number. Utilizing a reputable Property management company that has access to resources you don’t will help save you from a lot of trial and error.

Why? Because in order to determine your ideal price, you’ll want to see what other similar properties in the area are renting for – and also take into account the desirability of the neighborhood, amenities, floor plans, proximity to public transportation, schools, recreation, and major thoroughfares, local economic factors, and much more. And while you want to get the best price possible, you also want to keep it low enough to attract interest from prospective tenants. The end result of hiring an experience Property Manager to accurately assess all these factors is this: Your property will command the best price possible without sacrificing interest from high-quality tenants.

Marketing, Advertising, and Showing Your Property

Real estate scams. That’s a scary term – for both landlords and tenants. Following the housing crash when plenty of people lost their homes and the need for rentals skyrocketed, plenty of (not-so-nice) people found ways to take advantage of unsuspecting parties to rent out homes they didn’t own, collect huge deposits for non-existent properties, and just in general – make the property rental market a risky landscape. We bring this up because smart tenants know it – and because of it, they often prefer to work with a professional firm that is licensed and has a reliable reputation in the rental market industry.

On the other hand, not every renter is as straight arrow as you’d like to see, either. Knowing what to look for and how to weed out potential undesirable tenants can – all on its own – be worth the expense of hiring a Property Management firm.

Getting past those elements, though – Property Managers also have the systems and relationships in place to make sure that your property:

• Is listed not only on the local MLS – but gets maximum exposure on the most popular rental search websites.
• Has professional and appealing listing photos taken to optimize your listing.
• Is always show-ready – with all repairs, maintenance and cleaning done properly to ensure the most positive impact possible.
• Is shown to prospective tenants in a prompt and professional manner.

Pre-screening prospective tenants, checking backgrounds and references, and verifying employment and income are the next steps. The ultimate goal for the Property Manager is to take care of all these details and make it easy for owners to simply choose their personal preference from a list provided of Renter #1, Renter #2, or Renter #3.

Staying in Compliance with All Applicable Laws

As a landlord, it’s important to understand your responsibilities and obligations to your tenants. That’s why it’s vital to keep up with changing regulations and to ensure you’re in compliance with federal, state, and municipal laws. Areas that you’ll want to pay especially close attention to include proper tenant screening procedures, rules for handling security deposits, rent increases, and lease termination – and those are just to name a few. A Property Management company is familiar with the law as it pertains to your specific rental unit and will be able to make decisions on your behalf that will be in compliance. Because no one wants to be on the wrong side of the law in a landlord/tenant matter.

Once again, it’s important to note that hiring the right Property Management company is crucial. Be sure to interview them and make inquiries into their reputation. Put us through the paces and we’ll be happy to compare our expertise with the Las Vegas market to our competition. Discover more about the Property Management Services provided by New Home Resource by visiting our website – or contacting us at 702.365.1000.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

In the past, we’ve written about the true value gained in working with a professional real estate agent when buying or selling your home. (If you’ve missed the compelling, timesaving, money-saving reasons we listed – take a look here. And here. And here.)

But what about hiring a Property Manager? To be honest, there are some very good reasons you may choose to handle it all yourself – a few being that you live near the property, you have the time to devote to the job, and you can handle many repairs yourself. But there are many excellent reasons smart investors choose to rely on a professional to manage one or all of their rental properties – and they include the following (which is just the beginning!):

Higher Quality Tenants / Better Tenant Retention.

An experienced property management company has seen thousands of applications and knows how to quickly dig for the real facts about candidates and analyze that information for warning signs. While it’s certainly possible to get a bad tenant out of your home once they’re in – we can generally all agree that it’s certainly better not to accept them in the first place.

By allowing a management company to handle the screening, you’re also shielding yourself from rental scams directed at owners, and discrimination lawsuits resulting from an inconsistent screening process. This kind of experience takes time, and because it can help you avoid bad tenants, scams, and lawsuits – it’s arguably one of the most significant benefits a property management company can provide. A thorough screening process results in reliable tenants that pay on time, rent for longer terms, and put less wear and tear on the unit – all of which are optimum benefits for owners.

Avoid Costly and Time-Consuming Legal Matters.

In addition to federal laws, each state and municipality has their own regulations – but just a few of the legal matters that will require meticulous attention to detail are:

• Tenant screening / Background checks
• Proper lease agreements to protect your interests
• Safety and proper conditions of the property
• Inspections
• Rent collection / handling security deposits
• What steps to take in case of an eviction
• Proper handling of terminating leases

No one wants to be caught up in the drama of tenant legal issues – they’re costly and frustrating – and most likely, your property will also stop producing income while the matter is being litigated. The ability to avoid a single lawsuit can more than pay for any property management fees, not to mention sparing you time and anguish.

Lower Maintenance and Repair Costs.

Protecting the value of your property investment – and keeping tenants happy – requires a commitment to keeping your property well maintained and repaired. By hiring a management firm, you gain access to their in-house maintenance staff, along with their network of licensed, bonded, and insured contractors who have already been vetted for quality work and fair pricing. This can translate into significant savings compared to going through the yellow pages and hiring a handyman yourself. Not only can your property manager get volume discounts on work, they also know the contractors and understand maintenance issues – so they are capable of intelligently supervising any work that needs to be done.

Peace of Mind.

If you’re spending a huge chunk of your time dealing with tenants, repair issues, and chasing rent payments – the best question you can ask yourself is: “What is my time worth?” While there are certainly some people born to be landlords and they may thrive on the whole process – most people have other things they either could or should be doing with their time.

Some of the things you won’t have to worry about when you hire a property manager include middle of the night emergencies, filing evictions, worry about tenants wrecking your property, piles of paperwork, and the impact of improper repairs.

But then there are the things you will get to think about: Such as focusing on managing your assets and building your investment portfolio; having more time for yourself and family; and more freedom to live and invest where you want without having to be near the properties you own. One more added benefit: Your property manager knows the market – and may also be in a position to help you locate and acquire additional properties that allow you to build your wealth.

Of course, it’s just as important to hire the right property management company – one who has the right experience, knowledge, connections, and reputation. To find out more about Property Management Services provided by New Home Resource, click here to visit our website – or contact us at 702.365.1000.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!

You’ve bought the investment home and now you’re wondering: “What Comes Next?”

If the answer to that question means you’re considering why you should hire a property manager – then perhaps this list will help. While it’s easy to think that owning income property is just a matter of picking up the rent each month – there really is a lot more to doing it effectively (and legally) than most people realize.

To begin our series, “How a Property Manager Takes Care of Business” – here is a short – but important – list of the work involved you should consider. For now, we’ll just give you the wavetops . . . and we’ll expand on these topics in future posts.

1. Marketing, advertising and showing your property. (It’s not all about Craigslist.)
2. Staying in compliance with housing regulations, property laws, and tenant rights. (Lawsuits, anyone?)
3. Setting the right rental and deposit rates. (Protect your investment.)
4. Applications, Interviews, and Background Checks. (Avoid discrimination issues.)
5. Finding the right tenants and managing them properly. (P.M. takes the “bad cop” role.)
6. Retaining tenants and reducing tenant turnover. (Result: Reliable income.)
7. Avoiding legal matters and complications with proper leasing procedures. (Being legally covered.)
8. Collecting and depositing monthly rent payments on time. (Stress-free, reliable income.)
9. Benefit of the manager’s own in-house staff and outside vendor relationships. (Lower negotiated costs.)
10. Inspections, maintenance, and upgrades as needed. (Extending the life of your investment.)
11. Handling all accounting and documentation. (All the tracking is done for you.)
12. Fees are a property expense. (Limit tax liability – and save your time and energy in the process.)

One thing that may strike you as familiar about these 12 items is – yes, they are closely related to the real estate industry. In many cases, the responsibilities and legalities overlap or are connected in such a way that a Realtor® is knowledgeable about already. As a result, they have the expertise, connections, and education to address all your needs properly, efficiently, and cost-effectively.

That’s one of the reasons we recommend choosing a Property Management company with a successful real estate background and one who is familiar with the area. New Home Resource Property Management meets all these qualifications – and much more. We’d be happy to show you the financial, timesaving, and stress-reducing benefits you’ll receive by allowing us to manage your rental properties. Visit our website to fill out an interest card – or call 702.365.1000 for more information.

New Home Resource helps current and future homeowners with all of their Las Vegas real estate needs. Whether your preference is for property management, a newly built home from a local builder, or a resale property in just the right location, a New Home Resource Realtor® is here to provide just the service you’re looking for. Please contact a New Home Resource Realtor® today at 702-365-1000 or at www.newhomeresource.com. Broker Joanna Piette, and agents Denise Moreno Thrasher, Jessica O’Brien, Evelyn ‘Beng’ Kern, and Kathy Paterniti are all here to help!