Property Management for Out-of-State Las Vegas Property Owners
Managing Las Vegas Property From Another State
Owning a rental property in Las Vegas doesn’t mean you have to live here. In fact, approximately 95% of the property owners served by Shelter Realty Property Management live outside the Las Vegas area. Some of our clients purchased Las Vegas homes specifically as investment properties. Others originally lived in their homes, relocated to another state and decided that keeping the property as a rental made more sense than selling it. We also work with owners who maintain second homes in the Las Vegas Valley and spend most of their time elsewhere. Whatever the reason, managing property from hundreds or thousands of miles away presents a different set of challenges. Shelter Realty Property Management provides the local presence these owners need.
Managing a Las Vegas Rental When You Live Somewhere Else
Much of property management can now be handled electronically. Owners can receive information, review documents and communicate with their property manager from virtually anywhere. The property itself, however, is still in Las Vegas. When a tenant has a maintenance problem, a vendor needs access, a lease is approaching expiration or something needs to be checked at the property, someone needs to handle it locally. Trying to coordinate those situations yourself becomes considerably more difficult when you live in another state. Shelter Realty Property Management handles the day-to-day responsibilities of the rental, including marketing and leasing, tenant screening, rent collection, tenant communication, property inspections, lease renewals and maintenance and repair coordination.
For our out-of-state clients, the arrangement is straightforward: you own the property; we are here in Las Vegas to manage it.
Nevada Requires a Local Emergency Contact
Having someone local is more than a convenience for Nevada landlords. Under NRS 118A.260, a Nevada rental agreement or signed notice must identify a telephone number where a responsible person who resides in the county or within 60 miles of the rental property can be contacted in case of an emergency. That is particularly important for an owner living outside Nevada. A landlord in California, Florida, New York or another state cannot simply rely on being available by telephone when the law requires a responsible local contact.
Shelter Realty Property Management provides our clients with an established local management presence rather than leaving an out-of-state owner to find a friend, relative or other person willing to serve in that capacity. Nevada also regulates professional property management. Property managers are subject to state licensing and permitting requirements, providing another reason to work with an established Nevada property management company rather than attempting to coordinate a rental informally from another state.
Moving Away From Las Vegas? You Don’t Necessarily Have to Sell Your Home
A significant number of rental property owners didn’t originally intend to become landlords. You may have purchased your Las Vegas home years ago and now be relocating for work, family, retirement or another reason. Selling isn’t the only option. Depending on your circumstances, keeping the home and converting it into a rental may allow you to retain the property while generating rental income. The question is who will manage it once you’re gone.
Shelter Realty Property Management can help prepare the property for the rental market, market the home, screen prospective tenants, establish the tenancy and manage the property after you’ve relocated. We can also take over management of an existing rental. If you already live outside Nevada and have been managing the property yourself, you don’t necessarily need to wait until the current tenant moves out before speaking with us.
Local Property Management for Remote Owners
Out-of-state ownership works best when the owner doesn’t have to solve every local problem from a distance. A broken air conditioner shouldn’t require you to start searching the Internet for a Las Vegas contractor from your home 2,000 miles away. A tenant question shouldn’t require you to rearrange your day because you’re in a different time zone. And you shouldn’t need to fly to Las Vegas simply because something at the property requires local attention. These are ordinary parts of managing rental property, and they are the reason Shelter Realty Property Management is here. Because the overwhelming majority of our property management clients live outside the Las Vegas area, working with remote owners isn’t a special service we added to our business. It is how we have operated for years.
Whether you purchased a Las Vegas property as an investment, moved away and kept your former home, or own a second property that you would like professionally managed, Shelter Realty Property Management can provide the local presence you need.
Contact Shelter Realty Property Management to discuss your Las Vegas property and learn more about our property management services for out-of-state owners.
