FAQ: Why is Managing My Own Property So Difficult?
We hear this all the time: What’s so hard about managing my own rental property? You’ve probably been caring for your own residence for years — making repairs, landscaping, and installing upgrades. It’s been easy enough — so, why can’t you handle it in your rental as well? As professional property managers in Las Vegas…
Read MoreFAQ: Why Should I Hire a Property Manager?
Buying and selling a home can be tough — especially if you are just relocating for a temporary job assignment. Life also can be equally strained for rental owners who just don’t feel their current investments are earning enough money. It’s situations like these that should make you seriously consider hiring a property management company.…
Read MoreFAQ: Why Do I Have to Show Proof of Income If I Want to Rent?
We conduct many checks when a prospect applies to rent one of our homes — but why is proof of income so important? The truth is, background checks, credit reports and references don’t tell the whole story about whether a prospect is qualified to rent. Our goal, ultimately, is to determine whether a prospective tenant…
Read MoreFAQ: What is SMART’s Full Service Property Management Philosophy?
Property management isn’t a one-size fit all service. Some landlords need help finding tenants, but they can do the day-to-day management on their own. Others can find their own tenants, but they need someone to draft the lease and answer late night maintenance calls. On the other end of the spectrum, some landlords want a…
Read MoreFAQ: How Do You Prepare a Property for Potential Renters?
Preparing a rental property for renters is extremely important. We call this getting the property “rent ready.” What does “rent ready” mean? It means the property has been cleaned, repaired, or remodeled and that it’s in rent-able condition for new tenants. In addition to making sure the appliances are in working order, carpets are cleaned,…
Read MoreFAQ: How Much Should I Charge For Rent?
Choosing to rent out your home is a big deal, and it’s a decision all of us here at SMART take very seriously. Of course, with that decision comes the next question: How much should be charged for rent? We keep the process pretty simple. Our team of professionals will prepare a Rental Analysis of…
Read MoreFAQ: What is the Average Length of a Lease
1-Year Lease Agreements SMART prepares leases for one year. Why? Because the rental marketing conditions are always changing. Rent could remain the same, dip lower, or shoot higher. And, as a full-service property management company, we want to ensure that you get the most out of your property. Usually, at the end of a lease,…
Read MoreFAQ: What if a Tenant Damages the Property?
Damage and fair “wear and tear” to a rental property are inevitable. And, in some cases, they can cause quite a headache for a landlord. It’s the tenant’s duty to report any damages to SMART. What’s Fair Wear and Tear The first thing you need to do is differentiate between what is ‘fair wear and…
Read MoreFAQ: Should Pets Be Allowed in My Rental Property?
Ahhh, pets. This is a highly debated issue in the rental industry. Tenants love their pets, but landlords sometimes don’t have the same fondness for our four-legged friends. Truth be told, however, deciding if you should allow pets in your rental impacts how much profit you make, and how many tenants will be interested in…
Read MoreFAQ: How Does SMART Handle Late Rent?
As a property management company, we hope that the rent is never late. But even top-notch tenants have financial setbacks. Fortunately, SMART has a consistent rent collection policy in place and a system for screening tenants as well — so, you as a landlord, don’t have worry about late rent very often. Typically, we call…
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