Buyers 888-859-1998 • General 702-730-2080 • Agents 702-853-7922

Las Vegas Property Management - Property Manager in Las Vegas

How do I get started? 

Silver State Realty & Investments normally likes to meet with its client either at its office or at the subject management location to discuss your property specifics as well as management needs. If you are a busy professional we can also fax, e-mail, or e-fax over the management contracts and arrange for pick up or drop off of keys, initial marketing and repair account checks, and other necessary items.

How is the monthly rental amount established?

We will provide to you with a free CMA or Comparative Market Analysis showing what your property should rent out for. This CMA will show you what comparable properties in the area have recently rented out for and their condition in relation to yours. We will suggest a monthly rental rate, however you will have final approval.

Is there an initial set up fee? 


No, unlike most property management companies we do not charge an account set up fee. Our goal is to save you as much money as possible on your investment property.

What are your property management fees?


7% for any type of property.

What is the marketing & repair account check for?


At Silver State Realty & Investments we do not charge account set up fees or other miscellaneous charges, like many of our competitors, this can also save you hundreds of dollars a year. However, we do have to have an initial marketing budget as well as repair budget, as all property management companies do. We require that $250 is placed in to a Marketing & Repair account.

These funds are a credit to you and are utilized to place marketing ads if needed to lease the property. After the property is leased we will continue to maintain a balance in order to repair or replace any items that malfunction at the property. Any repair over $200 will need approval from you our client. This account balance is helpful so that we can maintain your property without disturbing you.

What happens next? 


Silver State Realty & Investments will start marketing you property. When we have a prospective tenant we will contact you for approval. When you approve a prospective tenant we will fax, e-mail, or e-fax to you the required documents for your signature.
Then what happens? 

We will meet with the tenant and have them sign the lease. Then complete a walk thru with the tenant at the property noting the properties condition. Finally we will receive on your behalf the certified move in funds from the tenant, exchange keys, and then give the tenant possession of the property.

How do I receive my monthly rent?
 

After we receive the move in funds we will disburse a monthly itemized statement to you. This statement will show what rents and security deposits were received and for what amounts. After the initial statement we will continue to mail out your monthly rental disbursement by the 10th of the month. For convenience we can have your monthly rental disbursement deposited directly into your bank account.

How do I keep track of expenses?
 

Each month you will receive a reserve account statement showing your current balance and any expenses for the month. This statement will accompany your monthly cash flow statement.
How do I report the annual rental income? 

At the end of each year we provide you with a 1099 form. This form will show the income that was received from your rental property or properties. You should use this form when preparing your annual tax return.

Do I need to do anything else?
 

No, just relax and know that your property is being professional managed and cared for. All you need to do is to read your monthly statement and deposit your monthly check.
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Please feel free to contact our Property Management Division Director Dan Marx at 702-730-2080 or via email at dan@silverstateinvestments.com with any of your Property Management Questions !