Southwestern Management And Realty Team
Call Us (702) 750-9725

Owner Newsletter- July 2016

July 6, 2016

Our offices will be closed on Monday. July 4th in observance of the holiday. We will re-open on Tuesday, July 5th.

We wish everyone a fun and safe holiday.

We have received numerous calls at the office from HOA’s stating that the owner has NOT notified the HOA that we are managing your property. This has been the result of the HOA police sending violations. If you have NOT notified your HOA, please take a moment and send them an email or send them a note and register SMART and have them send the violations directly to us. We are losing several days when the owner in turn sends us the violations.

SMART is holding at a 99% occupancy rate. We are very excited about that. Tenants are happy and don’t want to move. This is great for all! Even though the sales market is up slightly, the rental market is holding about the same. Single family homes and town homes are holding strong. Condos are still a very soft market – they are holding about the same, but they have been declining in rental rates.

Lease renewals: I m coming up on a year 2 in checking each and every property when the lease comes due. If I can raise the rent I will – but also know that I am taking into consideration who the tenant is. payment records, etc. The increase has been 50/50- some areas are going up, some staying the same. If you want to know how I arrive at the increase it’s thru the MLS.

Please remember that if you are thinking of selling – remember the SMART Choice Listing that can now save you thousands. If you have any questions, please direct to Mark Hall, Broker at [email protected] or 702.750.9725×223

Finally, we at SMART, would like to THANK YOU for your continued trust and support. We are widely recognized now in the Las Vegas as one of the premier residential property management companies.

 

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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