Las Vegas Property Management Blog, the G-Gram

Managers must use Contractors

Thursday, November 14, 2013
Contractors - Too Expensive To Use I get a lot of questions, comments and often instructions from clients about this and I thought it would make a great blog article. Contractors are not all created equal in the eyes of the State.  Anyone can go to the municipality    and get a business license and as far as...

Las Vegas Property Management How-To: Who Pays the Utilities?

Wednesday, May 8, 2013
When it comes to renting out your property, there is always a negotiation when it comes to who will pay the utilities in the home. Usually, it is the tenant who uses them, so the tenant should pay for them. The owner is often expected to pay any HOA dues that apply. Some landlords pay some or all of the utilities and that can be tricky ...

Problems Collecting Rent from Your Las Vegas Rental Property?

Thursday, May 2, 2013
Nevada is one of the states that actually favor the landlord when it comes to rent collection. While the tenant always has rights, the state has a summary eviction process, which is helpful to landlords and property owners when a tenant needs to be evicted. You are allowed to serve a 5 Day Notice to try and get the tenant to pay rent if...

Las Vegas Property Management: Rates and Fees Explained

Thursday, April 25, 2013
Today we are going to try and explain all those fees that go along with property management. We will focus on the property management fee, the leasing commission or the lease up fee and the lease renewal fee. These are all fairly standard in the property management industry. Property Management Fee As a property owner, you have to rem...

Las Vegas Rental Market Forecast for 2013 by a Local Property Manager

Tuesday, April 16, 2013
What we are seeing in the Las Vegas rental market for 2013 is that resale homes are scarce and hard to buy for renters and first time homebuyers. This is due to the number of investors who are buying up the foreclosures and short sale properties on the market. These investors are quick to negotiate and able to pay in cash in order to in...

Las Vegas Property Management How To: Tenant Screening Process

Wednesday, April 3, 2013
When you are selecting the tenants that will live in your property, you want to make sure you are making a choice that is good for the long term. Tenant Screening is vitally important in order to protect yourself and your property. There are three particular things to keep in mind. Criminal background checks. Make sure your tenants...

Las Vegas Property Management How To: Avoid Liability

Wednesday, March 20, 2013
Anyone who owns property and rents it out knows that avoiding risks is extremely important. A good property manager will evaluate the potential risks in any home that he manages because he can be held just as liable for any harm as the property owner. One of the biggest liabilities you have is tenant safety. You must go through the ho...

Las Vegas Property Management How-To: Handling the Security Deposit

Wednesday, March 6, 2013
Las Vegas property owners must understand the proper way of handling a tenant's security deposit. Nevada law requires that a tenant's security deposit be held separate from an owner's operating funds. The legislature actually passed a law that says a real estate property manager has to have two separate accounts. This is important to kn...

Las Vegas Investment Property How-To: Is a Home Warranty Worth It?

Friday, February 22, 2013
Many property owners who rent out their investment properties wonder if buying a home warranty is worth the money. Like any policy you would buy, or a car you might purchase, the devil is in the details. You have to figure out if it is worth it. Your home warranty might save you money, but it could also end up costing you more mon...

How to Remodel your Las Vegas Rental Property to Optimize Rental Value

Wednesday, January 23, 2013
When you decide to remodel your Las Vegas rental property, decisions will have to be made on how to remodel to optimize its rental value. You want to do things that will keep the remodeling simple and lasting. Here are four tips that will help you achieve what you are looking for when you remodel a rental property: Consider install...

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