Whether you own one or several properties in the Las Vegas area or anywhere else you may benefit from rental property management. Las Vegas has a lot of safety codes and regulations to follow, and a manager can help you navigate the most complex aspects of renting out your property. When looking for a prospective property manager, keep the following five questions in mind.
1. How Many Properties Do You Manage in the Area?
This helps you understand their relative size and level of experience. If a property manager only has a handful of clients, for example, it could be an indication that they’re not experienced enough to deliver boutique-level service and respond to issues promptly.
2. How Often Would You Provide Me with Updates About My Property?
It’s your income property, and you should be able to receive updates as often as you need them. Your property manager should cater to your needs and answer your questions as soon as possible.
3. What Kinds of Technology Do You Use?
A good property manager should leverage the latest technology in order to streamline efficiency and keep your property operating at its best. This could be something as simple as offering online payment to using technology to detect possible issues within your dwelling to facilitate immediate repair.
4. How Long Have You Been in Business?
The reality is that a company that has only been around for a few years might not have the experience to handle the trickiest aspects of managing a property, such as taking steps to avoid legal issues with tenants. Look for someone who has been in the business for a long time and has seen their fair share of situations that require problem-solving.
5. What Is Your Average Vacancy Rate?
Simply, this can tell you how adept your prospective property management company will be at filling any vacancies in your properties. If they cannot reliably fill apartments or houses, it might be an indication that there is something wrong with their process.
Property Management Companies in Las Vegas
Las Vegas is home to a booming real estate market, which translates to a lot of property management companies. Not all are equal in experience and efficiency, however. Home 365 sets itself apart by offering streamlined rental solutions driven by technology.
With a rigorous screening process, proprietary formula for determining your rate and inclusive service, you can rest assured that your property is always in good hands. Complete transparency and 24/7 access to your property dashboard ensure that you always know what’s going on with your investment.
To learn more about Home 365’s property management services, please contact us.