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Property Management

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    Homes for Rent in Las Vegas

    By

    Tony Sena

    Many people in the Las Vegas Valley have lost their home due to foreclosure and have been forced into the rental market.  With the recent changes to FHA lending guidelines, homeowners whose homes were foreclosed on will not be able to purchase a home for 5 years.  So instead of buying a home in Las Vegas within the next few years, they will be forced to rent a home a little longer than they had thought.

    Even though you might look at renting a home as a setback, if you look at it from a different aspect, it could actually be just what you needed.  Majority of the time, the rent that you are paying is much less than what your monthly mortgage payment was and you are no longer responsible for paying home owner association fees.  If you add the savings between the two, this extra money can help pay down some other debts that you may have or save the money for a future down payment on a home.

    You also don’t have to worry about fixing items that break or are need of repair, just call the property management firm that is representing the homeowner and they will handle it.

    If you are in the market for a rental home, feel free to contact us and we can assist you in finding the right rental home in Las Vegas for you!  We can be reached at 702.376.0088.

  • Selecting a Las Vegas Property Management Firm

    By

    Tony Sena

    It’s very important that you do your homework when selecting a Las Vegas Property Management Firm to manage your investment property.  Your property manager is responsible for maximizing your cash flow on income producing properties, minimizing vacancies, maintenance, proper tenant screening and so much more!

    Here area few questions you should ask a prospective Property Manager to help assist you in choosing a Las Vegas Property Management Firm:

    • How long have you been in business?
    • Are you familiar with the landlord/tenant laws in Nevada?
    • How will we communicate?
    • How will you market my home?
    • How do you qualify a tenant?
    • Do you provide accounting?
    • How do you handle the repairs and maintenance?
    • What are your fees?

    The above questions should give you some insight about the property management company that can assist you in your decision on which Las Vegas Property Management Firm will best manage your Las Vegas Investment Property.

    Before you make your decision, make sure you give us a call and we will gladly answer the above questions!  We can be reached at 702.376.7379.

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    Should You Sell Your Las Vegas Home or Rent It?

    By

    Tony Sena

    Las Vegas Home prices have dropped throughout 2008 and the trend could continue through the fall and winter. As more and more foreclosures hit the market, banks will continue to offer these homes at prices below market value in an effort to get them off of their books.  So with that in mind, you have to determine if it’s the right time for you to sell your Las Vegas Home.

    If you determine the time is right to sell because of divorce, loss of job, job relocation or any other reason, it’s important to understand the Las Vegas Real Estate Market.

    Unless you purchased your home before 2003 or put a substantial amount down, it’s unlikely your home has any equity and is most likely worth less than you owe.

    This means, you have two options:

    1. You can pay the difference that you owe at close of escrow
    2. You can attempt to sell your home as a short sale

    You have the option of selling your home and paying the difference at close of escrow but that amount could be substantial!  Not only do you have to factor in the difference between the offer amount and what you owe but also have to include real estate commissions, closing costs and taxes.

    Selling your home as a short sale is not guaranteed!  A short sale is when your lender agrees to accept an offer for the purchase of your home at a price less than what is currently owed.  A short sale usually requires some type of hardship like divorce, loss of job or job transfer.  A short sale package has to be completed and submitted to your lender for approval and this can take anywhere from 3 weeks to 16 weeks!  Having an experienced Las Vegas Real Estate Agent that specializes in Las Vegas Short Sales is a must if you decide to sell your home as a short sale.

    If you can afford to hold off on selling your Las Vegas Home in this market, I highly recommend it!  The Las Vegas Rental Market is doing very well and you have a greater chance of renting your home than selling.  Having an experienced Las Vegas Property Management firm representing you is important.  With so many homeowners losing their home to foreclosure, they are being forced into the rental market.  Completing a credit check is very important to determine the potential credit risk of your tenants.

    Obviously your situation will play a key decision on whether you can afford to rent your Las Vegas Home instead of selling it in this real estate market.

    Feel free to contact us at 702.376.0088 to discuss your situation.

  • Las Vegas Property Managment

    By

    Tony Sena

    Can’t Sell Your Las Vegas Home? Renting May Be the Smarter Financial Decision.

    Every real estate market goes through cycles. While some homes sell quickly, others may remain on the market longer than expected due to increased inventory, changing buyer demand, or affordability challenges. If your home hasn’t sold—or you’re not receiving offers that meet your expectations—it may be worth considering another option before making another price reduction.

    Instead of selling today, renting your home could allow you to protect your investment while generating monthly income.

    Why More Homeowners Are Choosing to Rent

    Many homeowners originally list their property for sale but later decide that becoming a landlord makes better financial sense. By renting the home, you may be able to:

    • Generate monthly rental income to offset your mortgage and expenses.
    • Continue building equity as your tenant helps pay down the loan.
    • Benefit from potential property appreciation over time.
    • Avoid selling during less favorable market conditions.
    • Maintain the flexibility to sell when the timing is right.

    For many homeowners, renting provides an opportunity to preserve long-term wealth instead of accepting an offer below their property’s potential value.

    Being a Landlord Doesn’t Mean Doing Everything Yourself

    One of the biggest concerns homeowners have about renting their property is the responsibility of managing tenants.

    Finding qualified tenants, collecting rent, coordinating repairs, responding to maintenance requests, conducting inspections, and staying compliant with Nevada landlord-tenant laws can quickly become overwhelming—especially if you have a full-time job, live out of state, or have never owned a rental property before.

    That’s where professional property management can make all the difference.

    The Value of Professional Property Management

    A professional property management company works to protect both your property and your investment by handling the day-to-day responsibilities of owning a rental property.

    Services typically include:

    • Professional marketing to minimize vacancy.
    • Competitive rental pricing based on current market conditions.
    • Comprehensive tenant screening.
    • Lease preparation and compliance with Nevada law.
    • Rent collection and owner disbursements.
    • Maintenance coordination with licensed vendors.
    • Routine property inspections.
    • HOA communication and compliance.
    • Detailed monthly financial reporting.
    • Tenant communication and issue resolution.

    Rather than worrying about late-night maintenance calls or lease enforcement, you can enjoy the benefits of owning an investment property while experienced professionals manage the details.

    Is Renting Right for You?

    Every homeowner’s situation is different. Some properties are better suited for selling immediately, while others may provide greater long-term value as rental investments.

    The best decision depends on factors such as your financial goals, mortgage balance, expected rental income, future plans, and current market conditions.

    An experienced real estate and property management company can help you compare both options and determine which strategy best aligns with your objectives.

    Let Your Home Work for You

    If your home hasn’t sold, don’t assume your only option is another price reduction. Renting may allow you to generate income, preserve your investment, and wait for more favorable selling conditions in the future.

    At Shelter Realty Property Management, we help homeowners throughout the Las Vegas Valley transition from unsuccessful listings to successful rental properties. From marketing your home and screening tenants to coordinating maintenance and protecting your investment, our experienced team handles every aspect of the management process so you can enjoy the benefits of rental ownership with confidence.

    Whether you’re relocating, waiting for the market to improve, or simply exploring your options, we’re here to help you make an informed decision about your property’s future.

    Shelter Realty Property Management specializes in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

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