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Henderson real estate investment tips | Property Management

Written by Posted On Thursday, 22 October 2015 13:45
Henderson real estate investment tips | Property Management

 Henderson real estate investment tips | Property ManagementHenderson real estate investment tips | Property Management

The Las Vegas Metro area has brought thousands of property investors to the area. There are many reasons why Las Vegas and Henderson are great options for real estate investment, such as the fact that you can get a decent home very cheap compared to the rest of the United States. Las Vegas and Henderson are also transient cities, and often people are only looking to rent for a few years and then move on. This metro area’s real estate market is also very up and down, some residents bought during the housing market crash and sold a few years after for tens of thousands worth of profit.

Want to learn more about the home buying process in Henderson? Contact us at 702-509-1446!

There is one real estate investment tip that many who are in the industry already will give - hire a property manager or management company. Though you may be asking, “why you would spend the extra money just to have someone else make a few calls every time a repair is required and collect rent every month.” but the process is not that simple. Below are a few things that a property manager will take care for you.

  • Henderson real estate investment tips | Property ManagementA property manager will make sure a property is in good condition to rent out.

You may not know what renters are looking for, or how much one simple repair can add to each month’s rent. A property manager will help you determine what needs to be fix or upgraded and what you can leave as is.

Contact the Klinger Group at 702-509-1446 to find out what your home in Henderson is worth!

  • An experienced manager will know the perfect price for that property’s rent.

In Las Vegas and Henderson, property prices change every day. Just because your friend was able to rent out his home in the same neighborhood you bought in, does not mean that they can be lease for the same price.

  • Screening rental applicationsHenderson real estate investment tips | Property Management

This includes background checks, employment verifications, credit checks, rental or mortgage verifications from their current or past addresses. Do you know what to look for and what the signs are for shady tenants? Property managers have experience and know what sets good tenants apart
from those who will destroy your property.

Want more Henderson real estate investment tips? Contact Nevada Desert Realty at 702-509-1446!

  • Make the phone calls

Making a few phone calls for repairs seems like a simple task, but are you ready to drop everything and figure out what needs to be done when an emergency happens? You may not be able to afford the time it takes to search Google for the best plumber in the area. Sometimes getting someone in the home as soon as possible can save hundreds of dollars worth of damage to the rest of the house, and property managers have their own list of vendors that they can call at anytime for emergency fixes.

  • Collect Rent

This is a huge service for most investors. Having to provide the right kind of legal notices when tenants don’t pay their rent, showing up to the property with the right information and authorities to evict tenants, and having to tell families that they need to leave their home because they haven’t and probably can’t pay their rent is one of the hardest parts of managing an investment property.Henderson real estate investment tips | Property Management

Just these few services alone are more than worth the small percentage the property management company will keep from each month’s rent. Be sure to do your research before choosing your property management company as they will be representing you and putting tenants in your investment property. Some concluding tips for looking for property managers is that the price is usually 8-10% of each month’s rent. Those who charge 8% usually have some up front charges, so don’t only work with people who will charge you a smaller percentage - look at the whole picture. Also many property managers will not charge you a dime until they get a tenant into your investment property - this attitude of “We don’t get paid until you do” will be the people who you will want to work with.

Contact the Klinger Group at Nevada Desert Realty to talk to experienced property managers at 702-509-1446.

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