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Affordable Property Management
5001 E. Bonanza STE 166
Las Vegas, NV 89110
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SUCCESS OBJECTIVES
MAXIMIZE CASH * RAISE VALUE * REDUCE RISK/STRESS
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THESE IMPORTANT GOALS ARE ACCOMPLISHED BY PROVIDING THE FOLLOWING
SERVICES:
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Marketing
Define
Current and Preferred Tenant Profiles:
BEST- Can walk on water, turn water into wine,... wake the dead, etc.
Preferred- Verified stable income, good report from current landlord,
acceptable credit report, and a desire to make the residence a
"home", not just a domicile.
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Set Rents To Maximize Cash Flow While Ensuring High Occupancy : Vacant
properties don't pay well.... Sensible pricing and realistic owner expectations
go a long way in helping create a good cash flow. It's amazing how many new
owners will tell us how much money they need to get based on their mortgage
payment and expected expenses. It's funny, but tenants don't care what your
expenses are. They are only willing to pay what the market will bear. We use
the MLS (Multiple Listing Service) to "run comps" for the property.
We attempt to find properties of the same type and size in the same subdivision
in making our rental price determinations.
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Maintenance &
Operations
Update and
Select Service Contractors: We use our available venders based upon the service
needed and the expertise involved. We do not send a handyman to replace or
repair an electrical circuit panel. We also, do not send an electrical
contractor to replace light bulbs or standard interior grounded fixtures. We
attempt to place the best person for the job to do the work.
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General Maintenance
We encourage owners to make all necessary repairs as soon as possible and to
set aside funds for unforeseen maintenance issues. Every owner would like it if
nothing ever broke, the trees and grass stayed healthy but didn't actually
grow, and that soft pliable water proof parts never wore out..... sorry, that
may happen where you live but it doesn't happen here in
Las Vegas
where the temperatures routinely reach 120 degrees in the summer and freezing
in the winter.
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Keep good tenants happy by making the necessary repairs....
prepare, and anticipate. It will make owning your investment much more
enjoyable. Happy tenants are tenants that stay longer, pay higher rent, put
their own money into your building, and even will help refer other good tenants
to your property. What tenant wants to stay in a place where he gets no
support. This attitude, does not mean the tenant gets everything that they ask
for. What it does mean is that they do not have to wait to get results on the
basics like a broken appliance or leaky water pipe etc.
It is not unusual for a new tenant to request repairs right after they have
moved in, especially if it was the owner that just moved out. A property grows
on a person. That squeaky door, or the window that never did open probably
didn't bother the previous tenant or owner, or it would have been fixed.
However, it's a big concern and issue to the new tenant, especially if they are
concerned about being held responsible for it when they move out. They may
enjoy opening widows in the evening, or they need to be able to get out of the
room and shut the door without waking the baby. Owners need to expect several
small repairs when a new tenant moves in. Their life style is not yours or your
previous tenants, and there is usually something that does not "work"
for them.
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