NO. We must follow the lease. An effective property management process involves following the contracts and enforcing leases at all times. We will not make exceptions for your tenant, as that is a potential Fair Housing issue. If you ask us to make exceptions for your tenant, we will give you the opportunity to make … Read more
Yes. The lease governs how we handle tenant issues. If we take over management of a property with an existing tenant, their existing lease will govern, until we renew with our lease.
We post a Pay or Quit notices on the 5th of the month (or the next business day after). After that, per Nevada state law, tenants have 7 full business days to pay. At that point if they have still not paid, then we file eviction (around the middle of the month). Once we start … Read more
We do. Here’s why: Our management fee is dependent on both owners and tenants abiding by the rules. When tenants pay late, this causes a lot of extra work for us. We must spend time and resources sending notices, listening to their sad stories and complaining, repeating the lease terms, collecting certified funds, spending extra … Read more
Reminders, late fees, Pay or Quit notices, etc. Typically, there is a 3 day grace period, then a late fee is added. 2019 Update: As of July 1, 2019, Nevada state law has capped late fees at 5% of the monthly rent amount. Our system automatically charges late fees on unpaid balances. If tenants don’t … Read more