Seven Hills Property Management Company

Faranesh Real Estate and Property Management is your trusted Seven Hills property management company in Henderson, NV. Situated just half a mile east of the city, Seven Hills boasts large homes and exclusive living. Our expert team handles everything from property inspections to lease renewals and security deposits.

With our knowledge of local regulations, we ensure smooth operations for both property owners and tenants. Whether you’re a landlord looking to maximize profits or a tenant searching for the perfect rental, we’re here to assist you. Trust us to manage your properties professionally and carefully so you can enjoy the benefits of stress-free renting or leasing in Seven Hills.

Our Property Management Services for Seven Hills

As a property management service in Seven Hills, we aim to provide comprehensive and reliable solutions to property owners, landlords, and tenants alike. Here’s an overview of the services we offer:

Leasing Service

We offer leasing services, including tenant search, lease renewals, and lease writing, so you don’t have to manage these tasks yourself. Our team also handles listing, marketing, rent collection, negotiations, property showings, and scheduling visits, freeing you from the hassles of property management. Hiring us means less stress for you, and you’ll discover more benefits of working with our property management company.

Tenant Placement and Advertising

Faranesh Real Estate and Property Management offers a comprehensive range of services tailored to the needs of property management companies, focusing on tenant placement and advertising. Their approach includes a strategic combination of online and traditional advertising methods, ensuring that properties are visible to the widest possible audience. Here’s a breakdown of their services:

Advertising Services

• Internet Advertising: Utilizes a robust strategy to market properties across various online platforms, including social media and real estate websites, ensuring maximum visibility in the digital space.
• Sign Advertising: Employs traditional signage on the property and other strategic locations to capture local traffic and attention.
• Open Houses: Organizes open house events to attract multiple prospective tenants simultaneously, offering a direct view of the property.
• MLS Services: Lists properties on the Multiple Listing Service, a comprehensive database real estate professionals use to extend reach beyond typical rental platforms.

Tenant Placement Services

• Property Showing: Manages the scheduling and conducting of property showings to potential tenants, including personalized appointments and open houses.
• Thorough Tenant Screening: Implements a detailed screening process that includes credit, background, and eviction checks and looks into public records. We also consider employment, income, and rental history verification to ensure high-quality tenants.
• Lease Signing and Management: Facilitates the entire lease process, from drafting and reviewing lease agreements to collecting rents and handling deposits, ensuring compliance with all laws and regulations.

Inspection and Maintenance

Faranesh Real Estate and Property Management offers various services to help maintain and manage rental properties or real estate investments for property owners. These services are crucial for preserving the property’s value, ensuring the safety and satisfaction of tenants, and complying with legal requirements.

Inspection Services

Inspection services involve regular and systematic examinations of the property to assess its condition, identify necessary repairs or maintenance, and ensure compliance with health and safety standards. These inspections can be:

• Routine Inspections: These are conducted periodically (e.g., annually, quarterly) to check the property’s overall condition.
• Seasonal Inspections prepare the property for seasonal changes, such as ensuring heating systems work before winter.
• Move-In/Move-Out Inspections: Assessing the property before a new tenant moves in and after an old tenant moves out to document any changes or damages.
• Emergency Inspections: Conducted in response to specific issues reported by tenants or observed by management.

Maintenance Services

Maintenance services are actions taken to keep the property in good working order, preserve its value, and ensure it remains a safe and desirable place to live. These include:

• Regular Maintenance: Routine tasks include landscaping, cleaning common areas, servicing HVAC systems, and pest control.
• Repairs: Addressing specific issues reported by tenants or found during inspections. This can include fixing leaks, repairing appliances, and addressing wear and tear.
• Upgrades and Renovations: Enhancing the property through improvements like painting, updating fixtures, or renovating spaces to increase appeal and value.
• Emergency Maintenance: Responding to urgent issues like burst pipes, electrical faults, or any other problems that pose immediate risk to tenants or the property.

Financial Reporting

Faranesh Real Estate and Property Management, based in Henderson, NV, offers comprehensive financial reporting tools and services for rental property owners. These services are designed to provide property owners with detailed insights into their properties’ economic performance, helping them to make informed decisions and manage their investments effectively.

Our standard financial reporting services include:

1. Income and Expense Report: This report provides detailed information on the property’s income and expenses, showing property owners where their money is going and how much profit their properties generate. It includes all income sources, such as rent and late fees, and various expenses like maintenance, management, utilities, taxes, and owner disbursements.
2. Profit and Loss Statement: It details the property’s gross income, including all rental and other types of income. The report also lists operating expenses such as property taxes, insurance, maintenance, and management fees, leading to a net operating income figure representing the property’s profit or loss over the reporting period.
3. Collection Rates and Vacancy Reports: These reports highlight the property’s rent collection rates and vacancy levels, providing insights into rental income efficiency and potential financial losses due to vacancies.
4. Cash Flow Report: Also known as an owner statement, this report includes beginning and end balances, categorized income and expenses, and reserve targets for unexpected costs. It’s a comprehensive overview of the property’s financial status over the reporting period.
5. Account Ledger Report: This report provides detailed transaction records for a property, including dates, amounts, categories, and descriptions. It offers a deep dive into the financial activities associated with the property, helping owners track every financial movement.
6. Property Owner’s Monthly Operating Statement: This statement summarizes financial transactions, service fees, payments to maintenance or contractors, and utilities. It’s designed to offer a monthly snapshot of the property’s financial status. 

HOA Management & Violations

We specialize in managing HOA violations and ensuring compliance through their understanding of local laws and regulations. We conduct regular property inspections and implement a thorough tenant screening process to prevent violations. Common HOA violations we address include:

• Overgrown lawns
• Unauthorized structural modifications
• noise complaints
• And more

Our proactive approach helps homeowners avoid fines and maintain their properties by HOA standards.

Collecting Monthly Rent and Security Deposits

At Faranesh Real Estate and Property Management, collecting monthly rent and security deposits is a well-organized and efficient operation that ensures property owner and tenant satisfaction. We are committed to professionalism and transparency and prioritize clear communication and adherence to legal and ethical standards in all our dealings.

Here’s how we handle the collection of monthly rent and security deposits:

1. Clear Lease Agreements: Property managers provide them with a comprehensive lease agreement outlining the terms and conditions of their tenancy before a tenant moves in. This includes the monthly rent and the required security deposit. This document serves as a reference point for both parties throughout the tenancy.
2. Online Payment Options: To streamline the rent collection process, we offer convenient online payment options for tenants. Through our secure online portal, tenants can set up automatic payments or make one-time payments using their preferred method, credit/debit cards, bank transfers, or other electronic payment methods.
3. Timely Reminders: We send tenants timely reminders before their monthly rent due date. These reminders help ensure that payments are made on time, reducing the likelihood of late payments and associated penalties.
4. Prompt Receipt Issuance: We promptly issue receipts to tenants as proof of payment upon receiving rent payments. These receipts contain detailed information such as the payment amount, date, and payment method, providing tenants with peace of mind and documentation for their records.
5. Handling Security Deposits: When a tenant pays their security deposit, we ensure that it is deposited into a dedicated escrow account as required by law. This deposit is held securely until the end of the tenancy, at which point it is either returned to the tenant in full or used to cover any damages or unpaid rent as per the terms of the lease agreement.
6. Transparent Accounting: We maintain transparent accounting practices, providing landlords with regular statements detailing rent payments received, any deductions from security deposits, and explanations for discrepancies.
7. Compliance with Legal Requirements: At Faranesh Real Estate and Property Management, we stay up-to-date with all relevant landlord-tenant laws and regulations. This ensures that our rent collection practices are efficient and compliant with legal requirements, protecting the interests of both landlords and tenants.

Contact Faranesh For Your Property Management In Seven Hills

In Seven Hills, property owners seek excellence in property management services, and Faranesh Real Estate and Property Management are the premier choices. Our dedicated team brings unparalleled expertise to the Las Vegas Valley, serving clients respectfully and professionally. Whether you own a single rental property or manage multiple properties, our tailored services cater to your unique needs.

We handle it with precision and care, from marketing and tenant screening to lease renewals and property inspections. Located just a half-mile east of Seven Hills, our company understands the local market intricacies, ensuring optimal rental returns and tenant satisfaction.

With our diligent management and regulatory compliance, property owners can trust in the preservation and profitability of their investments. Contact Faranesh Real Estate and Property Management for seamless property management solutions, allowing you to focus on your business ventures.