Do you own a piece of property in Midway that you would like to offer for rent? Becoming a landlord and making money from properties is fantastic, but it also happens to be a substantial amount of work. It requires that you know and understand the laws in the state of Nevada, along with federal laws, that pertain to renting properties. Many people want to profit from the properties they own, but they do not have the time or the inclination to want to be landlords.
Fortunately, some options can help. You need to find a Midway property management company that can make the process of owning and profiting from rental properties easier. Faranesh Real Estate and Property Management has the experience, knowledge, and tools that are needed to keep your properties filled with great tenants that pay their rent on time. We can help with all of the various aspects of property management. Check out what we offer.
Our Property Management Services for Midway
We believe that it should be as easy as possible for you to own rental property. To make sure that’s the case, we offer a wide range of services that are designed to help you on your journey. Let’s look at the services that we can provide.
Midway Leasing Service
We can provide professional leasing services, so you no longer have to worry about coming up with leases for tenants. Our experienced team can provide you with all of the leasing solutions you need. We can help to find the tenants, provide move-in reports, handle the lease renewals, write the leases, and take care of all other parts of the leasing process.
We will provide listing and marketing, we will collect rent, negotiate, and provide you with all of the other services that are needed as a property owner. This includes property showings and scheduling visits. Consider all of the headaches and hassles that come from trying to handle these things on your own. When you hire us, you can say goodbye to those frustrations. We work hard, so you can rest easy. Below, you will learn even more about the various benefits that come from working with our property management company.
Tenant Placement and Advertising in Midway
This is a part of our full-service residential and commercial property management solutions. We know that finding tenants can be one of the trickiest parts of being a property owner. In addition to taking care of open houses for the property, we can also handle the property showings. We will schedule the appointments and will be there when the tenants arrive.
We will handle all of the property advertising, as well. We know how to advertise on the Internet, which is where many people today begin their search for a new rental. We can set up a working Internet advertising strategy to ensure that your property is showing on the right sites, social media platforms, and more. Of course, we also provide MLS services, as well as sign services. Our goal is the same as yours—get a great tenant into the property as quickly as possible, so you are not losing money because of vacancies.
Inspection and Maintenance For Midway NV
The inspection and maintenance for the properties you own can be tedious. If you aren’t sure what you are looking for or what needs to be done for proper maintenance and inspections, it might also be confusing. Therefore, you will benefit from help from the team at Faranesh. We can take care of all of the details whether they are large or small. This will include things like routine care like landscaping and HVAC service, along with emergency services, such as broken plumbing in the middle of the night. We will also handle scheduling and planning for the standard repairs that are needed.
We can prepare your property for HOA inspections, lease inspections, city inspections, and more. Additionally, we can provide pre-leasing and move-in inspections, along with move-out inspections when a tenant leaves the unit. Our team can provide you with the inspections your property needs, including periodic inspections discussed later. Having us handle the maintenance and inspections will take a lot of work and worry off your plate.
As a property owner, you need to be sure that you know what’s happening with your property all the time. You need to have financial reports that give you a good understanding of how your property is doing. How much of a profit are you making on the property? Are you suffering any losses? How much is spent on maintenance and repairs? The only way to have the answers to all of these questions is with regular financial reports.
How often do you receive reports from your current property management company? How detailed and accurate are they? If you aren’t getting monthly reports, and if they do not cover everything that you need, you will want to consider getting in touch with us. We can ensure that you get regular reports and that you have access to the 24/7 access portal. This means you can log onto your account and look at your reports just as easily as you would your bank statements.
Who will be living in the apartment? One of the best ways to make sure that you have an easy time as a property owner is to ensure you have the right renters in the first place. Of course, this is not always simple, especially if you have never had to interview and choose tenants for your property. It can take a lot of time to conduct the checks, and many property owners are not well-versed in how to get the checks they need.
You must stay within the bounds of the law when doing background checks. The easiest thing to do is to work with our company. We know how to conduct background checks to learn more about the tenant’s credit report and to ensure they are who they claim to be. We will also check the criminal history of the potential renter to ensure they will be a safe person to allow to live on your property. Additionally, we will look into the rental history of the tenant for the last two years to see what type of tenant they are. We will look into public records, check the references of the applicants, and make sure that they have a means of employment and can pay the rent.
The more that is known about the tenant, the easier it will be to make sure that they are the right person for the apartment.
Property Inspections In Midway
In addition to the other inspections that we can offer, we will also provide periodic property inspections. These types of inspections are a good tool for landlords to use, but most landlords do not do them. They often figure if the tenants are complaining about anything, there’s no need to worry about the property.
However, this could be a mistake. This will let landlords and property managers see how long-term tenants are caring for the property. It’s easier to find issues that will need to be addressed, along with any potential repairs or replacements that may be needed.
There are privacy and housing laws that need to be followed, of course. We know, understand, and comply with all of these laws. It is legal to have random, periodic inspections, but the tenants will need to be notified ahead of time. Our team can take care of the notifications and the inspections.
HOA Management & Violations
Properties that are part of a HOA will typically have to abide by certain rules and regulations. It can sometimes be difficult for the landlords to enforce these because they may not know the tenants are breaking the rules. There could be rules for landscaping, trash, parking, decorations, pets, etc. The tenants need to know about these rules, and they need to abide by them. Otherwise, the HOA could find the property owner. We can provide you with the help you need regarding understanding the HOA rules and ensuring that your tenants understand them and follow the rules.
Collecting Monthly Rent In Midway
One of the worst parts of being a landlord is collecting the rent. It can be something of a hassle to get all of the rent collected, especially when you own multiple properties. Our rent collection services make matters far easier for you. We provide fast, reliable, and transparent rent collection to ensure that you are receiving the money you are owed on time. We work hard to keep you apprised of what’s happening with the rent collection for your property. We also handle any delinquent accounts, nonpayment, and the other hassles you don’t want to deal with on your own.
Do you allow pets on the property? Are you worried about pets? Typically, it will be easier to find renters when you allow pets. However, you do want to be sure that you build proper protections into your lease for you. We can handle pet leases, along with deposits for pets, cleaning fees, etc. We will make it easier for you to allow pets while still keeping the cleanliness and the best interests of your property in mind.
No one wants to have to send their tenants to collections, but this sometimes happens. When the renters fail to pay their rent or when they leave the property with back rent owed, what happens? If the owner wants money, they have to pursue it legally. This often means going to collections. The whole process can be complicated, and it’s something that most owners would rather avoid. However, rather than simply saying goodbye to your money, you can let us handle it. If we aren’t able to work it out with the tenants, we can then send it to collections.
Many landlords do not put much thought into the keys and locks on their properties. However, it’s important that you do. The keys should be handed over to the new renters once they have paid. However, the keys and locks should also be new. You must change out the old locks before renting the unit to someone new. Otherwise, you could be liable if a former tenant uses the old key and robs the new place. While it’s rare, it could happen. After all, you never know who has copies of the key. We can handle all of the key-related needs for your units.
Security Deposits In Midway
Collecting and holding security deposits will be made easier with us, too. We can collect deposits for the rental, pets, cleaning deposits, key deposits, etc. We will collect the deposits and hold them so you don’t have to worry about it. One of the mistakes that some owners make with their rentals is collecting and then spending the security deposit rather than holding it, which is against the law. We will hold the deposit for you for protection.
Additionally, we will set the deposit amount. There is a limit in Nevada as to how much can be charged for the security deposit. We know and understand the laws and will set the deposit amount that’s right for your property.
Why Choose Our Midway Property Management Company?
There are many companies in the Midway area that offer property management. However, this does not mean that all of those companies are created equal. You need to choose a company that has your best interests in mind and that has the experience and capabilities to follow through on promises. Faranesh Real Estate and Property Management is the best option you will find. We can provide you with all of the above services and much more.
We are a management-focused company and strive to ensure that you are happy with our services, and your tenants are happy with the properties they are renting. We provide inspections for the property to ensure they are being cared for properly, we collect the rent, create the leases, and strive to make sure you don’t have to worry about anything. We will take care of all of the hard work, so you have the peace of mind you need.