The Need for Hiring Las Vegas Property Management Services
Are you a real estate investor searching for additional rental property investments, but don’t want to deal with the hassles of hands-on management responsibilities? Do you currently own rental properties and are getting overwhelmed by all of the management tasks involved? Then maybe it’s time to consider hiring First Serve Realty, your Las Vegas property management specialists. We manage rental properties cost-effectively and efficiently, while providing the highest quality services in the industry.
DIY or Professional Property Management
Once you have purchased your rental property/properties, this is the time to decide whether you want to manage the daily operations yourself. Or, you may wish to hire one of the many Las Vegas property management companies to handle the daily operations for you. Naturally, there are certain advantages to managing the property yourself such as:
- enables hands-on control of tenants
- maintaining good relationships with tenants
- servicing tenant’s complaints and needs
- watching over your property
However, the disadvantages involved with managing rental properties is why so many landlords and rental property investors have turned to the services of property management companies in Las Vegas. These disadvantages are best viewed as three (3) distinct scenarios including:
- dealing with emergencies and maintenance problems when they arise
- management responsibilities of the daily operations
- renting your homes or units when they are vacant
Without a doubt, finding new tenants to fill vacant properties or units is extremely challenging and time-consuming. You have to advertise your properties, respond to inquiries, interview prospective tenants over the phone, respond to e-mails, rigorously screening applicants, and so on. That’s a tremendous amount of work for one person to handle without assistance.
What We Do For Our Clients
As an industry leader among the property management companies in Las Vegas, First Serve Realty can provide landlords and real estate investors the most extensive line of services. It helps to relieve the stress and worry involved with overseeing their rental properties. We bring our years of combined experience and expertise to the table in order to increase the value of your properties. And we see that you realize a return on your investment.
As your property management partner, you will enjoy the following services that we provide every client, no matter how many rental properties are owned:
- Advertising and marketing your rental properties – Whenever there is a vacancy, you want to be assured that it will be rented quickly. We advertise and market your properties in a manner that attracts a higher quality tenant, lowers your tenant turnover rate, and ensures a shorter vacancy cycle.
- Allowing you to live away from your rental properties – When you hire First Serve Realty to be your property management partner, it provides you with a great deal of freedom. For one thing, you don’t have to live in close proximity to your properties. In fact, we have a number of clients who own rental properties in Las Vegas but live in other states. You will also have the time needed to focus on more important things in your life, such as searching for other investments, spending more time with family, traveling, and so on.
- Collecting late fees, rents, and security deposits – As your property management team, we have a fiduciary responsibility to every client who entrusts the collection of late fees, rents, and security deposits to First Serve Realty. We have developed a proven system for collecting rents on time, something that other Las Vegas property management companies are not as efficient at doing.
- Developing long-term relationships with contractors and vendors – We have partnered with a number of contractors, maintenance professionals, suppliers, tradesmen, and vendors in order to ensure the best quality of work is done for the least expense.
- Establishing a competitive rental price – By doing a little research, we can set a competitive, yet fair, rental price for your properties or units. This ensures a balance between fewer vacancies and maximizing your revenues.
- Keeping you compliant with all federal and state laws – Housing laws along with property rules and regulations are extremely complex and oftentimes confusing to the landlord or investor. We ensure that you stay compliant with all local, state, and federal regulations in order to avoid costly and time-consuming lawsuits.
- Rigorous screening of prospective tenants – All applicants are screened rigorously once they have passed a thorough interview process. Our screening process includes deeply detailed background, credit, employment, and reference checks. As well, we inquire with former landlords or property management companies in Las Vega. This ensures renting to better quality tenants and improving your retention rate.
We prefer to develop long-term relationships with our clients. First Serve Realty keeps a fiduciary responsibility to investors, landlords, and rental property owners. However, tenants are your customers and we do not take our relationships with them lightly. Consequently, we are the buffer between you and them which makes your life a lot easier.
For those of you who only have a single property, and are trying to determine why you would need property management companies in Las Vegas, consider this. Certainly the above reasons are enough to think about our services. Yet, a single property landlord must wonder how he will ever be able to take a vacation with his family. Answering an emergency maintenance call in the middle of the night may not be something you want to contend with on an ongoing basis. Then you should contact First Serve Realty today and let us take the burden off your shoulders