Southwestern Management And Realty Team

Owner Newsletter – May 2019

This & That!

PLEASE NOTE: OUR OFFICES WILL BE CLOSED MONDAY, MAY 27th IN HONOR OF MEMORIAL DAY.

THINKING OF SELLING? Don’t forget that SMART has a sales department! And as long as you’ve been with SMART for more than a year — you will qualify for a discounted commission. Contact Sophia or Mark Hall at 702-750-9725.

HOA VIOLATIONS: As the weather gets nicer in the Las Vegas Valley, the HOA police seem to be out in force. If you receive a notice from your HOA–please forward that to the office as we follow up with the tenants and respond to the HOA. You may scan and email or fax to the office.

LEASE RENEWALS: Cindi is reviewing EVERY lease as they come due. Market studies are being performed on each and every lease. The market is changing in many areas of the Las Vegas valley–some rents (depending on the area) are staying the same but many areas are increasing. When those increases occur– SMART is raising the rent. A new lease is prepared for everyone and sent out to the tenants. Some long-term tenants realize the market has changed and some find it hard to believe we are increasing their rent. The increase is for your benefit–it’s current market rent. I do have the comps if the tenant “disputes” the increase, then I will contact you and we can discuss.

We would like to take this opportunity to thank all our military owners for their faithful service to us and our freedom, to all the Veterans for your past service, to all our Owners for your continued trust and support and to ALL the mom’s–Happy Mother’s Day!

Click HERE to download a PDF version of the Owner Newsletter – May 2019

 

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.