Owner Newsletter – October 2015

TRICK & TREAT!

Property Manager: Please remember if you need to speak with Jason or Penny – Jason’s assistant here is their information:

Jason Teglia

jason@managevegas .com

702.750.9725×226

 

Penny O’Brien – Jason’s Assistant

penny@managevegas.com

702.750.9725×228

Online Rent Payments: We have noticed a much higher payment record over the last year since the Tenants can now pay online thru our ManageVegas website. We still have a few of the habitual late payment but a drastic improvement. Owner Distributions will continue to go out on the normal days and for the new Owners, the ACH direct deposits can take 24-48 hours before hitting your account. This is NOT as instantaneous process.

THINKING ABOUT SELLING: Remember to talk with us first – with SMART Choice Listing program – this can save you $1000’s. For additional information regarding this, please view our website; www.managevegas.com or speak with Mark Hall, Broker for further details.

Property Turnover: Once Cindi receives the 30-Day Notice, she will notify you of the move out date.It is critical that you have at a minimum, the power and water on. We cannot do final inspections without them. If turning them on is a problem, let us know, we can assist with a service charge of $100 per utility for turn on. Otherwise, Cindi will have attached a list of the utilities for you to contact. If additional funds are required to bring your property up to rent ready status, your PM will notify you and SMART will needs those funds as soon as possible.

Rents: In most instances, SMART no longer allows tenants to go on a month-to-month basis. Thirty ((30) days prior to the end of the lease, comps will be run and new lease will be prepared for the tenant. They have 2 options, renew the lease for a year or give a 30-day Notice to move. Annual inspections are done at this time, with a report to you, photos and a copy of the new lease.