Southwestern Management And Realty Team

The Pitfalls Of Managing a Property All On Your Own

Boy, it can sure be tempting to act as both landlord and property manager for your Las Vegas rental home. After all, you have a certain level of control and there’s no doubt that you can save money managing your own property. But being in control isn’t the same as doing things right. Problems arise very quickly when inexperienced landlords start making mistakes.

Here’s a look at the common pitfalls that may occur when striking out on your own as a manager and an owner.

Poor Screening

All too often landlords can be too trusting, and when this happens they fail to screen potential tenants sufficiently. Many investors don’t even understand how to run background and credit checks on tenants and what warning signs to look for if they do. Conversely, experienced property managers have finely-tuned screening processes that they rely on to identify good tenants.

Money Mistakes

Managing an investment property is a lot more than just collecting rent. You need to deal with various vendors, pay property taxes, manage utilities for vacant units, and so much more. This is a lot more complicated than just balancing your accounts.

Failure To Evaluate – Anything

It’s easy to measure whether you’re turning a profit on your properties, but that alone isn’t a valuable metric. Great property managers evaluate a number of KPIs, including clear values like revenue growth and softer metrics like tenant satisfaction. They also have the expertise to evaluate listing performance, lost and won properties, and to offer advice based on these metrics.

Unrealistic Expectations

Finally, it’s important to remember that the role of the property manager is both technical and personal, and for you as a landlord, they’re also a buffer between you and your tenants. Too often, landlords struggle to set appropriate boundaries or, alternatively, to be sufficiently responsive. That’s often because trying to do so is unrealistic; you can’t be on call 24/7.


Being ill-suited to run your own rental property in Las Vegas doesn’t mean you’re a bad real estate investor. It means you can admit that property management isn’t in your skill set. At SMART, we are trained professionals whose focus is on interpersonal elements of the rental relationship.

You just stand to lose too much when you insist on managing your own properties. Let go, hand over the reigns to us — and let the profits roll in.

las vegas property management

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.


  • 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


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.