Southwestern Management And Realty Team
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FAQ: What is SMART’s Owner Distribution Policy?

August 15, 2018

As the #1 property management company in Las Vegas, we strive the provide the highest level of service or our owners and investors. We believe in focusing solely on property management that delivers the best results.

We’ve followed a policy that makes SMART’s distribution of monthly funds to owners extremely convenient. Our process reads:

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

We allow 3-4 days for personal checks, money orders and cashier’s checks to clear. (Sometimes during this period a tenant has written an NSF check which might hold up your check).

The 10th of each month, Owner ACH direct deposits will be initiated and statements will be uploaded to Promas Central. Bills associated with the property will also be uploaded during this time.

If the 10th falls on a weekend, payments will be initiated on the next business day.

Two additional ACH direct deposits will be done on the 18th and 25th of the month to remit funds from any late paying tenants.

Each new owner is required to provide SMART a copy of a VOIDED CHECK in order for us to get you set up in the system.

At the end of each calendar year, we provide simplistic Year to Date statements and 1099’s making tax preparation easy.

Overwhelmed with landlording and managing your own rental property? Let us shoulder the responsibility! We’ve been serving owners and investors in the Greater Las Vegas area for a number of years — and we’re not going anywhere! Give us a call and learn why we’re the SMART choice for your property management needs.

 

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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.

Credit

  • 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

Pets

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.

SERVICE ANIMALS ARE OF COURSE ACCEPTED AND WILL REQUIRE THE PROPER GOVERNMENT ISSUED DOCUMENTATION.

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