Las Vegas Investment Property Guide

Smart investors know that the best properties aren’t always to be had in their local areas.  With a down housing market which was previously out of control, Las Vegas investment property is once again gaining attention.  Being an out of town investor has it’s problems, and few owners choose to manage a property from a few states, or countries, away.  Taking time to understand the management market of different cities is important, as there are charges in some regions that are different, or nonexistent in others.

Best Realty Finder

Passive income is the path to becoming wealthy.  Part of enjoying that wealth means minimal stress or worries.  One of the benefits of hiring a management company for your Las Vegas investment property, is that they take care of any problems that arise with your unit, but it’ll cost you.  At the starting gate, a $265 registration fee is required to cover administrative expenses.  The monthly management fee is equal to 10% of the monthly rent, or a minimum of $100.  Should multiple properties be managed, that rate can be negotiated to 8% or 9% depending.  Security deposit is equal to one month’s rent, but Best Realty Finder also requires the tenant pay a cleaning deposit, and if the investment owner agrees to a pet, the tenant must pay a pet deposit.  To cover any emergencies or repairs (keeping your Las Vegas investment property in good condition) a reserve of $300 on a property if there is a home warranty is required, or $500 with no home warranty (i.e. older properties).  Accounting and direct deposit is also included in their services.

To cover the mortgage each month, pay the management company, and make a small amount of passive income, renting out your Las Vegas investment property is a must.  Best Realty Finder can find a tenant for you at the cost of 75% of one month’s rent, and a co-op fee of $300 (which covers the fee paid to a realtor who brings in the new tenant).  Background checks are also performed on each tenant including credit checks and required references, all of which are checked thoroughly.

In the event of emergencies there is a 24 hour service, and a list is given of numbers to call to reach certain employees in the event of a dire emergency.  (This is important to both establishing trust with your tenant, as well as the investor being able to contact the company in case of an emergency.)

Best Realty Finder provides service for both residential and commercial Las Vegas investment property.  One interesting thing about this companyis that although most can help you find and purchase an investment property, they also provide accommodations.  Should you find and purchase a rental property through them during your stay, Best Realty Finder would reimburse part of your lodging, and if the stay is only a day or two to find and purchase a Las Vegas investment property, the fee is waived entirely.

For more information or to schedule an appointment, please contact:

Maria Schlager, Realtor®

Property Manager

BEST REALTY FINDER

5540 S. Ft. Apache Road, Suite 100

Las Vegas, NV  89148

(702) 769-5077 – cell

(702) 222-2288 – office

(702) 222-3947 – fax

Maria@bestrealtyfinder.com