10 Reasons to Hire a Property Manager in Las Vegas

Rental properties in Las Vegas are a business with serious revenue potential. There is always demand for homes here, from properties near the strip to homes in the hills. Las Vegas draws business professionals from every corner of the world and whether they're here for a year or here to stay, rental homes are a valuable resource in our ever-evolving economy.

Of course, owning an investment property and managing a rental home are two completely different things. If you've made a smart investment with one or more Las Vegas properties, there are many good reasons to hire a property manager to handle the everyday and year-on-year responsibilities of keeping these properties profitable.

Let's dive into the 10 reasons to hire a professional property manager in Las Vegas:

1) Keeping Up with Regular and Long-Term Property Maintenance

Every investment property needs regular upkeep to make sure it stays in a profitably high-quality condition. From scheduling the landscapers to remembering to have the stone countertops resealed every three years, that is what Las Vegas property managers do best. Your rental homes need constant care, with or without tenants, and a property manager can make sure that happens neatly between tenants or by working with tenants to keep the maintenance schedule.

This is one investment-protecting step you won't have to worry about. Your Las Vegas property manager will be there to make sure each investment remains in great condition from one tenant to the next.

2) Ensuring the HVAC Can Handle the Hot Summer Days and Cold Winter Nights

Las Vegas also has some unique requirements when it comes to large appliance care. In addition to hard water and dry air, the temperatures can also reach extremes at both ends of the thermometer. Our desert location means that tenant health and safety rely on a high-performing HVAC for efficient cooling in the peak of summer (really, most of the year) and an efficient heating system for those temperature drops on winter nights. A property manager in Las Vegas will know to keep a special eye on the HVAC so your unit stays in good condition and your tenants stay cozily satisfied in each home.

3) Screening and Selecting Reliable Las Vegas Tenants

Tenant selection is also essential, especially here in Las Vegas. With so many people moving through the city for temporary, mid-term, and long-term stays, our tenant selection is a little more interesting than other cities. This means you need a pro who can tell the difference between a reliable professional family and a wild group of friends who are looking for a crash-house. While both may have the funds, a good Las Vegas property manager can ensure each new tenant selected will treat your properties with respect.

4) Managing a Competitive Tenant Turnover Process

Las Vegas also has a competitive real estate market, with many homes competing for constant turnover of resident professionals. This means your turnover process needs to be on-point to compete with other homes in each neighborhood and buyer market.

A property manager in Las Vegas can take over tenant turnover with competitive precision. They will ensure every carpet is steam-cleaned, every mirror is polished, and your potential tenants are nothing but impressed on their first walkthrough. You can also count on quality online marketing with fresh photos and well-crafted listings for the digital house-hunting audience of today.

5) Providing High-Quality Customer Service for Las Vegas Tenants

For tenants, the sign of a great property manager is a responsive team with a functional website. Customer service matters. Your future tenants are looking not just for a good house, but a reliable property manager who will answer their emails, perform repairs in a timely manner, and help smooth over any bumps in the leasing or move-in process. A skilled property manager can not only meet but exceed the customer service expectations of your prospective tenants.

6) On-Call for Regular Repairs and Tenant Emergencies

Most people who buy investment property are not looking to answer the phone at all hours of the night. But sometimes, that's exactly what your tenant needs. If a pipe bursts, a light fixture falls, or the roof starts to leak; you need someone with a team that can handle both timely repairs and remains on-call for these important tenant emergencies.

A Las Vegas property manager can be there for your tenants, rain or shine, so you can focus your energy on other projects.

7) Stay Professionally In Compliance with Las Vegas Rental Laws

Compliance is essential to do any kind of business in Las Vegas. The rental home laws and regulations here are reasonable, but not to be trifled with. Your Las Vegas property manager is a real estate professional who is familiar with all the LV rental laws and how to easily stay within compliance. Their routine in managing each home will have compliance built-in so you don't have to worry about accidentally overlooking essential maintenance tasks or lease details.

9) Manage Your Las Vegas Vendor Relationships

Your property manager can also help you build and maintain a strong relationship with all your property service vendors. A Las Vegas property manager is familiar with trustworthy local plumbing and contractor teams to perform repairs and likely has more than one landscaping team they can call on for quick property turnover or even assisting tenants in keeping up with an HOA's lawn standards. These vendor relationships are essential because each vendor can learn the unique needs of your properties and will provide the best, reliable value for every scheduled work task you need taken care of.

8) Perform Regular & Professional Property Inspections

Property inspections are easy to overlook when you're managing investment properties on your own. But a property manager in Las Vegas will never overlook the annual or biennial property inspection - with or without tenants in residence. While tenants live in each property, an inspection will need to be politely scheduled with at least 24 hours forewarning. These inspections can be friendly, informative, and your property manager can even provide helpful tips so your tenants can take even better care of your properties while in residence.

9) Neatly Handle Difficult Tenant Situations

While tenant selection is key, sometimes difficult situations arise even with the best tenant screening. Residents who move in troublesome roommates or even an eviction situation can eat up all your time - unless you have a property manager to deal with it for you. A professional who is familiar with rental home management can more smoothly handle tenants who need help, tenants with financial troubles, and the occasionally necessary eviction process.

10) Maximizing Your Profit Potential

Finally, a property manager in Las Vegas will know how to maximize your profits. Setting the right rent, raising the right amount each year, and preparing homes to be more valuable in the eyes of tenants are all strategies that can improve your ROI and boost your income from investment properties in Las Vegas.

Do you have Las Vegas investment properties, or are you planning to start investing in LV real estate? A Las Vegas property manager can be the essential key to great returns, easy management, and increasing the value of your investment properties year on year. Contact Americana Property Management to learn more!