51 percent of property owners hire property managers -- and with good reason.
A property management company will help you find tenants, collect rent, and maintain the property. If you don't want to deal with these responsibilities yourself, a property manager can help.
But how do you find the right property manager? One way is by asking questions to see if the company has the experience and knowledge you need.
If you are wondering what questions you should ask property management companies in Las Vegas, this short and simple guide is for you.
1. How Will You Market My Rental Property?
Rental property marketing is one of the most important aspects of property management.
As a landlord, you want your property to be seen by as many people as possible. An excellent property manager will market your rental home using various marketing strategies, such as direct mail, online advertising, and social media marketing.
2. What Are Your Tenant Screening Procedures?
As a landlord, you want to know that the tenants you rent your property to are responsible and stable.
A great property management company will run a tenant screening process before approving new tenants. This includes credit reports, criminal background checks, previous evictions, and landlord references.
They will also have a rental application that includes questions about your tenant's income, employment history, and references.
3. What Maintenance and Repairs Do You Perform?
As a landlord, you want to make sure your property is well-maintained. This includes routine maintenance, like replacing light bulbs and fixing leaks.
It also includes larger repairs such as plumbing and electrical issues.
A property manager should have a plan in place to make sure your property is well-maintained. They should also perform regular inspections to ensure everything is in good condition.
4. How Much Will Your Services Cost?
You should have a clear idea of how much you'll be paying for your property manager's services. The price should be based on:
- Their Experience
- The size of your building
- The number of tenants
- The type of property (i.e., residential or commercial)
- The location of the property
Ask them for their pricing list so that you can compare it with other companies in the area.
5. How Will You Communicate With Me?
A good property manager will keep you informed about what's happening with your building.
They should provide regular reports and updates so that you don't have to worry about what's going on. They should also be easy to reach out to in case you have questions or concerns.
If you're finding it difficult to reach a property manager or don't like their communication skills, they're probably not a good fit.
Know What Property Management Companies in Las Vegas Can Offer You
Hiring a property management company is a great way to take the stress out of managing your property.
They'll handle all the details so that you can focus on what's important: running your business. With property management companies in Las Vegas to help you, there's no reason for you to worry about your property again.
If you need help with property management for your Las Vegas rentals, contact the Avalon Realty and Oaktree Management team today!