As the Las Vegas luxury real estate market shifts, we are seeing an increase in Sellers who attempt to lease their properties. The process and best practices for selling residences vs. renting are profound. When exploring a lease option, ask potential leasing agents the following:
- Do you require that tenants provide financial statements prior to showing my residence? If so, is it reasonable to assume that people who expect privacy will not tour?
- Do you offer an omnichannel marketing program specifically targeting renters?
- What processes/services are implemented to ensure the residence shows well if my investment property is vacant?
- Provide ten additional terms/disclosures that can be added to lease agreements to minimize work orders and legal risk.
- Which inspection software is used to perform move-in and out inspections? How many pictures are included?
- Describe your firm’s renter’s insurance policy requirements.
- Name the State and Federal agencies that regulate residential rentals.
- Share your legal dispute resolution process.
- Can I manage my rental if I live out of state?
- How much of the total commission is shared with an Agent who procures the tenant?
Las Vegas Property Management Professionals
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