Southwestern Management And Realty Team

FAQ: 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 the tenants first to let them know that the rent is late. We are on top of the collection process from the start!

Our rent collection policy reads:

Rent is due on the 1st of each month with a 5-day grace period.

If we haven’t received the rent by the end of the grace period, we will order a 5-day Pay or Quit Notice and assess late fees. We deliver the Pay or Quit notice by hand or certified mail, preferably by hand because then the process moves quickly. This notice is the first semi-official step that’s taken before you go to court and file an eviction.

If the tenant fails to respond to the 5-day Notice, we then order the Eviction. Usually, the 5-day Pay or Quit does get the attention of the tenant.

Bottom line: When you have a rental property, you have a business. SMART will treat that business professionally by establishing processes in procedures.

We’re here to help with all your property management concerns. Give us a call and see why we’re the SMART choice for property management in greater Las Vegas.


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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.