Being a landlord can be very rewarding but there is also a downside of being a landlord, Liability! Every city, county and state has different laws and ordinances that you need to know and follow. Staying current on these changes can be a burden but by not being informed it can cost you where it hurts the most, in your wallet! NRS 118A.260 is one of the most common landlord obligations not followed based on conversations I have had with Landlords who have decided to hire a Las Vegas Property Manager.
NRS 118A. 260 – Disclosure of names and addresses of managers and owners; emergency telephone number; service of process.
Most landlords provide their contact information to the tenant but fail to provide a telephone number at which a responsible person who resides in the county or within 60 miles of where the premises are located can be called in case of an emergency. If you are a landlord and don’t live within 60 miles of your investment property, just giving your phone number and address to your tenant is not enough. You have to provide contact information for someone that resides within 60 miles of your investment property to your tenant in case of an emergency.
If you have any questions about Landlord and Tenant Laws for the State of Nevada, feel free to give us a call at 702.376.7379 or click on the link to Chapter 118A – Landlord and Tenant.