FREQUENTLY ASKED QUESTIONS
In No Particular Order
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CAN
YOU PUT THE MONEY STRAIGHT INTO MY BANK ACCOUNT? - We do everything we can to accommodate our owners. We will
be happy to hand carry any deposits as long as you bank with
either BofA or Wells Fargo. Deposits with other banks can
be made but they would be mailed to the respective branches.
Unfortunately, we do not have the man power or time to go
to many different banking institutions. |
| DO
YOU PAY ALL THE BILLS? - We will pay as many
bills as you want us to handle and are comfortable with. Many
owners want to handle it themselves... we're flexible. If you
want us to pay your mortgage bill we require a minimum amount
equal to one mortgage payment be kept in your account with us
as a reserve... just in case the tenant does not pay, we will
have the necessary funds to still make your mortgage payment. |
| WHO
PAYS THE MORTGAGE WHEN THE PROPERTY IS VACANT? - You do.... unless you would like to sign over the ownership
of the property to us, then we will. This is your property.
Our fees cover handling the day to day "management"
of the property. We do not assume your financial responsibilities
for the investment. |
| HOW MANY VACANCIES
DO YOU HAVE? - The rental market in Las Vegas
is strong as long as you are priced properly. The vacancy factor
is influenced by many factors including general economy, interest
rates, and current impact of terrorist threats. As interest
rates decline, more renters can buy. When tourism is negatively
impacted, there are job layoffs and less spending, renters and
their families move in together... that weakens rental demand. |
| HOW SOON CAN YOU
START MANAGING MY PROPERTY? -If you are not
currently involved with a licensed management firm we can start
immediately. You can download a copy of the management agreement HERE,
or call our office and we will be happy to mail or fax you an
entire package including a management agreement. If you have
a manager currently you will need to discontinue their services,
according to your agreement, before we would be able to become
involved and manage the property for you. |
| DO I GET A WRITTEN
STATEMENT? - Of course..YES! Every month it
is included with your check that is mailed out on the 10th.
It is computer generated, not hand written, and not only gives
you over all income and expenses but details every transaction
for you. We also include all receipts from vendors for work
completed |
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