Military Owners: How to Protect Your Nevada Investment Property - Faranesh Real Estate and Property Management

Military Owners: How to Protect Your Nevada Investment Property

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Wasim Faranesh

Owner of Faranesh Real Estate and Property Management

Military Owners: How to Protect Your Nevada Investment Property

Were you relocated out of Nevada? Your home does not need to be put on the market if you are not ready. You are investing in a valuable asset that should continue to appreciate. If you are considering returning to Las Vegas, why not keep it? Faranesh Real Estate and Property Management may be able to manage it for you, make sure it is occupied with a qualified tenant who will maintain it, pay the rent on time, and comply with all the lease terms.

Understand your rights as a military family when it comes to property management

The Servicemembers Civil Relief Act (SCRA) is a federal law that provides protections for servicemembers when it comes to financial obligations, such as mortgages, leases, and credit card debt. The act applies to all service members on active duty and reservists who are called to active duty.

The SCRA allows servicemembers to break leases if they are being deployed or have to move for military purposes. Servicemembers can also request a reduction in their mortgage payments if their income is reduced while on active duty. In some cases, the entire balance of a loan may be forgiven.

If you are a military family, it is important to understand your rights under the SCRA. You may be able to take advantage of these protections if you are facing a deployment or other military-related move.

Choose the right company to manage your investment property 

When you are away from your investment property, you should know that it is in good hands. Property management companies like Faranesh Real Estate and Property Management can take care of your property and keep your tenants happy.

How do you decide which property management company is right for you?

Here are some things to look for in a property management company:

  • A good reputation: You want to choose a company that has a good reputation in the industry. Check out online reviews and ask other investors for recommendations.
  • Experience: Choose a company that has experience managing investment properties. They will know how to handle any problems that come up.
  • Affordable fees: You don’t want to overpay for property management services. Make sure you compare fees before you choose a company.
  • Good communication: You need a company that will keep you updated on what is happening with your property. They should be quick to respond to your calls and emails.

If you are looking for a property management company in Las Vegas, then you should check out Faranesh Real Estate and Property Management. We offer affordable fees and exceptional service. Contact us today to learn more about our services.

Communicate with your property manager regularly

After choosing a property management company, it is important to stay in touch with them. Set up a meeting with them to discuss your expectations and how they will manage your property.

A method of communication should also be agreed upon. Some property managers prefer to communicate via email, while others prefer phone calls or text messages.

Keep track of your expenses and income from the property 

Keeping track of your property’s income and expenses is important. By doing this, you will be able to determine whether or not you are making a profit.

Tracking your income and expenses can be done with software such as QuickBooks or Excel. Make sure all of the information you enter about your property is accurate so that you can make informed decisions.

Get help when you need it – don’t try to do everything yourself

It is not necessary for you to do everything yourself. Ask for help if you need it. To manage the financial aspects of your investment property, you can hire a property management company.

At Faranesh Real Estate and Property Management, we take care of every aspect of your property so you can continue to serve our country, while we take care of your property. Contact us today for a free estimate.

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