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FAQ - OWNER
FAQ - TENANT
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F.A.Q. - OWNER

Q: WHAT IS IT GOING TO COST ME?

ANSWER:
There is a one-time $250.00 set-up fee at the time your account is opened. At that time, a ten percent (10%) charge on collected rent goes into effect as the monthly management fee. This fee is discounted to eight percent (8%) of the collected rents if your property is located in a homeowners association we manage or if you have at least three single-family properties under management with Shannon Day.


Q: HOW IS ADVERTISING HANDLED?

ANSWER:
Nationwide, we advertise your property at REALTOR.COM and on Craigs list. Your property will also be listed in the Multiple Listing Service of the Greater Las Vegas Association of Realtors, which means that over 15,000 licensed agents will be able to access and show your property. We also advertise your property in the Las Vegas Review-Journal newspaper which attracts over one-half million readers. Yard signs are used to attract drive-by attention as well as family and friends of neighbors.


Q: HOW DO YOU SCREEN TENANTS?

ANSWER:
Each prospective tenant must complete an application form, giving all pertinent information and permission to verify the sources listed. We will run a credit report on each applicant through Experian and Equifax Credit Reporting Services. Eviction checks, County, State, & Federal criminal checks, foreclosures, state tax liens, and utility collections. We ask the applicant's employer to verify his/her income and contact previous landlords to ensure the tenant paid rent on time, left the property in good condition and was not a problem tenant.


Q: DO YOU PROVIDE AN ACCOUNTING?

ANSWER:
A comprehensive accounting detailing of all funds received and disbursed along with owner's proceeds will be sent to you by the 10th of each month. A copy of any repair bills will be included, along with any correspondence pertaining to your property. A year-end statement and 1099 will be provided for your tax computation and records.


Q: HOW DO YOU HANDLE REPAIRS AND MAINTENANCE?

ANSWER:
All of our contractors are licensed, insured and bonded. They are equipped to take care of cleaning, painting, stucco repair, roofing, garage doors, landscaping services, plumbing, electrical, pool service, locksmiths, etc. Unless there is an after-hours emergency, we will never authorize more than $250.00 for any repair to your home without first speaking to you. Shannon Day Property Management STRONGLY recommends that a Home Warranty program cover all investment rental properties. For information on Discounted warranty programs contact any licensed Shannon Day Property Manager.


Q: HOW MUCH WILL MY PROPERTY LEASE BE FOR?

ANSWER:
We determine and suggest a rental amount through a comparable market analysis and by viewing the property. While factors such as square footage, the number of bedrooms and bathrooms and other amenities affect Las Vegas rental prices, market conditions will best determine what your investment property will rent for. For a FREE, No Cost and No Obligation Comparative Market Analysis (CMA), contact Shannon Day Property Management.

 

 
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