Southwestern Management And Realty Team

4 Questions Investors Need to Ask Property Management Companies

For the first-time investor who is on the fence about hiring a property management team or handling the landlord responsibilities themselves, there are dozens of reasons that you should consider hiring a 3rd party to manage your rental properties. For instance, if you have multiple properties, live too far away from them, or simply have no interest in hands-on management, then hiring a management company is the best option for you.

Consider the Benefits

Hiring a property management company to oversee your rental properties is a great way to protect your investments and add value to them in the process. In addition to this, there are several benefits to consider including:

  • Accounting and tax reporting
  • Better quality renters
  • Fewer, if any, expensive and time-consuming legal issues
  • Higher tenant retention rates, shorter vacancy periods
  • Marketing your properties
  • Reduced maintenance and repair expenses
  • Stricter rent collection process

In addition to these benefits, there are some personal benefits for the owner/investor as well. The right property management company will free up more time for you. That, in turn, means less stress for you and more freedom to do what you want without having to worry about how well your rental properties are being taken care of.

Right Questions Will Help You Decide

If you’ve recently decided to change property management companies or hire one for the first time, there are certain characteristics or qualities that you should look for before making your decision. When you interview property management candidates, there are questions that you should ask each one. Furthermore, you should base your final decision on how each candidate responds to these 4 questions.

  • What level of experience and expertise do you have? 

    Obviously, the longer they’ve been in business, the more experience and expertise they’ve accumulated. It’s very important that you find out the level of each that they possess.

  • How many properties do you currently manage?

    The size of a company’s portfolio could range from 10 single family homes to as many as 1,000. However, if you don’t know how many they are managing, you may not be able to determine if they’re a good candidate for your properties.

  • How do you handle maintenance and repair work?

    Most property management companies will have maintenance and repair teams on staff while others have access to licensed contractors for these responsibilities.

  • How accessible are you?

    It’s important to hire a property management company that is readily accessible for you as well as your tenants, especially if there is an emergency outside of office hours. Find out how they prioritize the calls and complaints they receive from tenants as well as how quickly they respond.

On a closing note, it’s important that you interview several property management firms in order to have a better comparison and to make a well-informed decision. It is important to consider their experience and customer feedback.

Make the “SMART” Choice with Southwestern Management And Realty Team

las vegas property management

SMART Rental Qualifications

The following are Southwestern Management And Realty Team’s (SMART) guidelines for renting a property through SMART. Each and every application will be reviewed by a member of SMART and could be adjusted depending on credit/income and the application itself. Please be truthful!

Rental Qualifications

  • Applicant MUST be 18 years or older and application fee is $65.00 per person and is non-refundable.


  • Minimum score of 650
  • No EVICTIONS in the past 5 years
  • No utility collections (gas, power, water)

Income Verification

  • Income MUST be 3 times the monthly rent for good credit 650+ and 4 times if applicant has poor credit but good income.
  • MUST be verifiable
  • MUST be with current employer for at least 6 months.
    **If self-employed—CPA financial statements and/or tax returns are acceptable.

Employment History

(you could be required to show proof if requested, paycheck stubs, etc.)

  • Verifiable employment history for the past 3 years
    **If self-employed/retired/not employed—can verify income with signed tax returns and/or bank statements.

Rental History Verification

  • Verify for the past 3 years
  • Must provide: Landlord Names, and phone number, email (if available) on the online application.

Criminal Background Check

SMART does check—Criminal, Sex Offender and Terrorist database

  • NO sex offenders
  • NO crimes—violent crimes, prostitution, domestic violence, possession of weapons or illegal drugs


MUST be 30 pounds & under & absolutely no violent breeds—ask SMART for the Pet Policy

  • 2 pets max
  • NO ferrets or snakes
  • NO Dangerous, poisonous or illegal pets
  • NO aquariums larger than 10 gallons

Emotional Support pets are NOT considered a Service Animal and not under ADA laws.