Southwestern Management And Realty Team

Current Property Management Trends in the Las Vegas Area

If you have lived in the “city that never sleeps” for a while now, it’s hard to imagine how a 110-acre parcel of land adjacent to the Union Pacific tracks in 1905, could grow into the metropolis of 2 million people that it is today. Yet it continues to grow and impact the housing market on a regular basis. Ironically, some 48% of all Las Vegas residents are renters of apartments, condos, and single family homes.

While this can make it a bit difficult to find a place to live, the right property management company can make that task considerably easier and far less stressful. So it follows that as employment opportunities in several industries keep growing, the population will continue growing as well. Consequently, people will continue renting as a result of that job and population growth. Thus, the importance of property management companies will always be in demand. 

The Investor’s Perspective

In so many words, the city of Las Vegas is a real estate investor’s mecca. In fact, many of them feel that it is one of the top US cities for investing in rental properties. Although Las Vegas has long been recognized for its appeal as a preferred relocation destination the interest will on keep increasing as time passes. Plus, if the employment market continues improving at the rate that it maintained throughout most of 2016, investors will see more opportunities to add properties to their portfolios.

The Tenant’s Perspective

So what does all this mean for the prospective tenant who is considering relocating to Las Vegas? The combination of continued population growth, a flourishing economy, and an improving job market eventually equates to increased rental rates. Basically, if you are planning on relocating to this area, it would be a wise decision to do so in the not too distant future. Rents on single family homes are will vary based on location. However, they are still affordable for now.

Why Rent from a Property Management Company? 

Partnering with a property management company as a real estate investor has its perks, especially if you have no interest in being a landlord. For instance, they handle a wide range of responsibilities such as advertising your property, ensuring compliance with federal and state laws, handling all of your accounting and tax issues, and so on.  In other words, they handle all the stress and worry of management for you. Thus, you can enjoy the benefits of your investments.

Although you will hear different opinions about renting from a property management company, there are a number of advantages and benefits for the tenant. First and foremost, there is a company or group of professionals overseeing the property. This means that whenever there is a problem, you’ll have someone you can contact about that issue rather than being tasked with it yourself and the expense that comes with it.

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.