FREQUENTLY ASKED QUESTIONS

WHO PAYS TO ADVERTISE THE PROPERTY? - Ultimately, in any pricing structure, with any company, the owner does. We decided to charge less to place a new tenant than most firms do but pass through any advertising costs. In the long run this usually saves the owner money. Why? Because in many cases we don't have to advertise at all. Why pay a firm ½ of the first months rent and they absorb the advertising costs. There is a possibility that you're paying for nothing. On the other hand, if it is a difficult property to rent and needs extensive advertising, it shouldn't be the property managements obligation to absorb those extra expenses. We keep it simple.... you're charged for exactly what you get. We give you a copy of the advertising bill from the newspaper and they break down all the charges by property.

WHAT EXPENSES WILL I INITIALLY INCUR WHEN CHOOSING YOU? - We normally do not have any costs, however your situation or property may require some expense if it is not ready to rent. Many owners, as the first act of business, need us to evict a tenant. Of course there will be eviction and court costs etc. that will need to be funded before we get involved. Or possibly, the property needs a major overhaul requiring plumbing work, landscaping, roofing, painting, new carpet, fixtures etc. In those instances, since we have never been involved with the property before, we charge 15% of the renovation costs to handle getting the property ready to rent. If your property is basically ready to go, then there are no up front fees.

HOW LONG OF A LEASE DO YOU SIGN? - We are open to any length term of lease or month to month rental agreement. Most tenants want a 6-12 month lease. Owners come in all varieties. Some want long term, others short term. We're flexible

WHAT SORT OF MARKETING DO YOU DO? - We try and saturate the market when it comes to filling a vacancy. Below is a list of advertising techniques we employ.

• FOR RENT SIGNS - Posted at the property and separate signage off site leading potential renters to the property.
• NEWSPAPER - Classified ads in the Review Journal, usually 3 lines 3 times per week
• MLS - Enter property data on the Multiple Listing Service which makes your property available to 10,000 other Realtors.
• SECTION 8 - Send HUD/Sect 8 copies of listings for those properties that are going to be available to the program.
• YELLOW PAGES - Listings under both Real Estate Rental Service and Real Estate Management.
• INTERNET - Listings on our web site (AffordablePropertyManagement.com) and the Greater Las Vegas Realtors web.

WHAT IS THE TERM OF YOUR MANAGEMENT AGREEMENT WITH OWNERS? - We normally write a 12 month agreement. However, according to the terms, it can be terminated by either party with 30 days written notice. In actuality, we are willing to terminate in 24 hours as long as all outstanding charges have been paid. We do not feel it is in anyone's best interest to hold an owner just for the sake of holding them. However, a property will not be released until all accounts have been rectified and cleared.

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