Frequently Asked Questions
Our goal is to lease your client's property to a qualified tenant and manage the property in its everyday maintenance needs.
What types of properties are you looking for?
We are looking for properties in good condition that are attractive, well located, and ready to occupy. We want quality properties that will attract quality tenants.
What types of properties do you manage?
We manage residential, multi-family and commercial properties.
What locations do you cover?
We cover all areas of the Las Vegas Valley
What are the terms of the management agreement?
Each agreement is specific to the property and the resources it will require but is a minimum of one year.
What are your Property Management Fees?
Our standard monthly management fee for a single-family home is 5-8% of the monthly rent. Multiple home and unit discounts are available.
When will I receive my funds each month?
You will receive your funds shortly after your tenant pays the rent. If paid on-time, you receive your funds between the 10th and 13th of the month by direct deposit. You will also receive a monthly statement detailing your account activity on the date of the deposit.
Do you get my approval before ordering maintenance work?
We troubleshoot most issues with the tenant but some work requires a professional. Your agreement outlines the parameters for maintenance approvals. When the cost of a repair is expected to exceed the stated limit, you will be contacted for your pre-approval, unless the work is deemed an emergency repair.
What steps do you take to lease my property?
We know what works and what doesn't. We've developed a comprehensive marketing program that has worked well leasing thousands of homes. One of our tactics includes extensive online advertising. We advertise with featured marketing services on realtor.com, zillow.com, Trulia.com, Hotpads.com, homes.com as well as over 100 more!
How quickly can you lease my property?
We can never say with certainty how long it will take to lease a property. Many factors come into play including location, time of year, price, quality of the applicants, and just being in the right place at the right time. We have an extremely low vacancy rate and the average property leases in less than 10 days, in the slower fall and winter months it can be longer. Although vacancies can be unsettling, we follow our process until we find the right tenant.
How much will my property rent for?
Often owners will set rents based on how much they need to cover their mortgage, on how much they want, or on what they heard another home is getting. These methods almost always create problems. Arriving at the appropriate rent level can be a complex process that must take many factors into account. This is one of those areas in which hands-on experience comes into play. Contact us today for a free and no obligation market rental analysis.
How is the landlord protected?
The owner is protected from damage to the property (on a small scale) by the security deposit charged upon move-in. Key PM also requires tenant liability insurance from the resident to cover large-scale issues and works with a 3rd party collection company to collect on past due amounts owed by residents. We offer a third-party rent guarantee insurance as an optional coverage, please inquire with your property manager for more information.