I spoke with one of our property management clients today and he inquired about selling his Las Vegas home but he wanted to know if he had to wait till the tenant vacated the property before he could sell. This was the second time I was asked this question [...]
Many Nevada landlords are not aware they have a responsibility to provide the tenant with an itemized accounting of their deposit within 30 days of the termination of tenancy. If the landlord fails to return the tenants entire deposit or an itemized accounting of the deposit within 30 days, the landlord could be held liable [...]
DO YOU HAVE FOREIGN OWNERS/INVESTORS?
As a property manager, you are very much aware that by law, you must issue a 1099 form reporting gross rents to your property owners by 1/31 of every year.
However, there seems to be a great deal of confusion out there when it comes to property managers with [...]
Evicting a tenant is never pleasant (or easy), but for most landlords, it is unfortunately an unavoidable part of the job. Yet it’s one that the landlord must approach with caution, and a full awareness of all of the relevant state laws.
Tenancy termination laws vary from state to state, so before you proceed, know [...]
I am thrilled to announce that Las Vegas real estate agent and property manager Atsuko Winston has joined the Shelter Realty team.
We are really excited to welcome Atsuko to the Shelter Realty family. Fluent in Japanese and English, she brings invaluable expertise to our clients. For eight years she has specialized in working with [...]
A tenant application is like applying for a job. Here, an applicant has to prove that they will be a good renter (pay on time, take care of the property, be considerate of neighbors). So how does a landlord (or the landlord’s property management company) know if they’ll be a good renter? Same way [...]
Las Vegas is the #1 market for rental property investors. If you decide to take advantage of the rental property investment opportunity here, or if you already own a Las Vegas rental, how do you manage that property? One option, of course, is to do it yourself.
DIY property management might save you the [...]
Rents are up, and property values are down, making Las Vegas a great place to get established as a property owner. Of course, buying a rental home and actual getting it occupied and generating income are separated by a few crucial steps. All told, however, it’s easier than you think to start earning rental income.
On April 14, President Obama signed a law that removes the expanded “1099” reporting requirement from the Affordable Care Act, which would have required landlords to send 1099 forms for all purchases of goods and services over $600 annually.
The provision required even the smallest [...]
Our new Las Vegas landlord property management clients are generally overwhelmed at the amount of effort and detail that goes into preparing a rental property for new tenants.
As a former police officer for the city of Henderson, I have a unique perspective on crime involving vacant properties.
Patrolling neighborhoods at all hours of day and night has helped give me an eye for possible break-in opportunities that burglars and vandals would take advantage of.
It is my opinion that a Las Vegas Property Manager should inspect a residential rental property inside and out at least two times a year, if not three. I can’t tell you how many times I have been contacted by a landlord who has recently fired his property manager [...]
The tenant, obviously, is the key income producing element in a Las Vegas residential property. However, although housing the “right” tenants are the keys to success, housing the “wrong” tenant is a recipe for disaster.
The tenants that pay their rent on time, show respect for the property, and consideration of their neighbors are the [...]
It is important for investors in rehab properties to know that as of April, 2010, the Environmental Protection Agency, (EPA) has put into effect the Renovation, Repair and Painting rule. What this means to the investor is that if you have purchased a pre-1978 fixer-upper or are planning to [...]
Regardless of your investment preferences, whether they are primarily geared toward corporate stocks and bonds or real estate based, diversification is the best road to take to insure asset protection during volatile marketplace upheavals. In other words, as the old and time-proven saying goes, “don’t put all of your eggs in one basket.”
Best advice [...]
The worst housing crisis in more than half-a-century has devastated Las Vegas home prices, severely impacted our economy, and thrown many people out of work and out of their homes.
But, as in any downturn, even during the Great Depression of the 1930s, opportunities for the astute investor could always be found. Of course, in [...]
Las Vegas Rental Property Investors who engage a property management/real estate brokerage firm do so for the purpose of not only managing their current investments but to additionally help to find and negotiate the purchase of new [...]
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