Las Vegas Property Management

[Michael Bell]

Any recommendations for property management in Las Vegas?

[Eric Fernwood]

@Michael Bell

Location is not really an issue because the Las Vegas metro area is relatively small. What really matters is the type of property/tenant. We use multiple types of property managers.

• Class A & B - Traditional property managers. The key here is tenant screening and proactive cost management.
• Class C - Properties in undesirable areas with cash based tenants. Key here is rent collection, cost control, proactive in dealing with skips and evictions.
• Large multi-unit properties with no federal reporting requirements.
• Large multi-unit properties with federal reporting requirements.

You need to match the property manager to the type of property/tenant.