Southwestern Management And Realty Team

Owner Newsletter – March 2019

Happy March SMART Owners!

Can you believe it’s March already! SMART has been extremely busy since the first year of the year–we have had added many new Owners in January and February which we are very pleased about. To ALL the new SMART Owners–again–WELCOME!

Some of you have expressed interest in wanting to purchase more property. SMART has some current Owners that are wanting to sell. If you are interested, please let me know and I will put you in touch with Mark as he is handling the sale of these properties. You can contact Mark directly at 702.750.9725 x223 or email him at [email protected].com. Majority of the properties do have tenants in them and this can be a seamless transaction and the tenants wouldn’t even have to know! Buy a property with immediate income. All these properties are in great locations, with great tenants in them.

LEASE RENEWALS: When I am reviewing the leases, I am raising about 90% of the tenant’s rents. Remember–I am raising the rents just enough so it will not make sense for the tenants to leave and you still can get some extra income. Some areas are just holding firm on the rental rates.

HOA VIOLATIONS: Should you receive a letter about a violation–please fax or send to direct to Sydney at [email protected]

Irish Blessing: May the roads rise to meet you, may the winds be always at your back, may the sun shine warm upon your face, the rains fall soft upon your fields, and until we meet again may God hold you in the hollow of his hand.

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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.