How a Property Manager Can Save Landlords Money

If you own a property in the Las Vegas or Henderson areas and are looking to rent it out, you may be considering hiring a property manager to help you stay on top of everything. While doing so is certainly the most efficient route to take, you may be concerned with how much it will cost you to hire a local Henderson or Las Vegas property management professional. However, if you take a closer look, having a knowledgeable and reputable property management expert on your side will actually end up saving you money, and a great deal of hassle, in the long run.


Market Research Will Maximize Profits


Something a professional property management company will do is thorough market research to stay on top of all real estate market updates in order to make sure your rental properties are priced right. This involves taking a closer look at other rental properties in your area, seeing how they compare to your property, taking into account the amenities and perks you’re offering, convenience of your location to important landmarks in the city, and much more.


Without proper analysis of your neighborhood and comparing your property to others, you may be low balling your rental rates, and pretty significantly in some cases. On the other hand, you may be asking for too much and therefore not renting your property out as quickly and effectively as you expected. A property manager will find that sweet spot that will price your property appropriately, in order to maximize your profits consistently.


Lease Your Property Faster


If you are struggling to lease your property, than you are missing out on months of income as the space sits vacant. There are several reasons you may be having a hard time generating interest in your property, but the most common is a lack of marketing/exposure. Potential tenants simply don’t know about the vacancy.


Another thing a property manager will do for you is advertise your vacancy using the latest technology, social media, print marketing, and all the best outlets to reach renters where they are looking the most. This includes an optimized presence on:


  • Zillow
  • com
  • Trulia


Additionally, property managers will utilize paid marketing with online ads on Google, Facebook, and other platforms to maximize exposure. This greatly increases your chances of renting out your property quickly, so that you don’t lose months of rent or waste time and money trying to market the vacancy yourself with little or no success.


Bring in Reliable Renters


Once you’ve generated interest in your vacancy, the next step is dealing with the wave of incoming applications from potential tenants. Although the tenant screening process is arguably the most important step in renting out your property, it’s often time-consuming and difficult for just one person to do thoroughly and properly. Background checks are essential to make sure you rent to a reliable tenant who has an impeccable renting history.


Property managers have the industry knowledge and experience to conduct thorough background checks and fully screen applicants, saving you time and the risk of renting out to a less than ideal candidate. In turn, this affords you (the landlord) the peace of mind knowing that rent will be paid in full and on time, your tenants won’t cause costly damage to your property, and that you won’t have to deal with disrespectful renters that may result in an expensive eviction. In the end, bringing in reliable renters will save you money and many headaches.


Avoid Overpriced Maintenance Service Fees


No matter how well you take care of your property, there will always be a need for plumbing, maintenance, landscaping, and other service professionals, even if only for emergency issues. When a tenant complains of something that needs to be fixed immediately, the pressure is on the landlord to find somebody who can do the job quickly and efficiently. However, this can often translate into an expensive bill in the end.


Another benefit of having a professional property manager watching over your rental property is the contracted rates they have with local maintenance professionals. Even if you have a last-minute request or need a job rushed, you won’t have to deal with inflated prices or service fees because your property manager has locked in rates with trusted and reliable companies. In addition, because these maintenance professionals want to continue their contract with your property manager, they typically complete the jobs quickly and thoroughly.


Fewer Legal Issues for Landlords


When landlords are faced with legal issues, court fees and expenses can really add up fast. This can be a result of not following proper protocol as stated in the lease agreement, failure to return security deposits, asking illegal questions or not respecting a tenant’s privacy, and other things that the landlord may not even know are illegal.


Because of these areas of concerns, property managers can be extremely valuable to landlords as they are always up-to-date with current tenant/landlord laws, including local rules and regulations. An expert property manager knows exactly what you need to do and what you must avoid to legally fulfill your duties as a landlord or property owner. Overall, hiring a reputable, local property management professional will save you money while preventing expensive lawsuits brought on by your tenants.

TAX DEDUCTIONS- When you are an independent contractor

As you know, Tax Day 2019 is Monday, April 15. If you haven’t filed yet, I found a great article that covers tax deductions for independent contractors. The 11 points are listed; Please read the complete article in the link below.

  1. First, form an entity
  2. Use of your car for business
  3. Home office dos and don’ts
  4. Equipment purchases
  5. Insurance (and if you don’t have it, you should)
  6. Retirement savings
  7. Business travel
  8. Business meals
  9. Training and subscriptions
  10. Client gifts
  11. Credit-card interest

Courtesy of Debbie Amend, Fidelity National Financial Company. 


MARKETING- Made Simpler

Have you been marketing your listings like crazy, and it seems like nothing is working?

There are tons of different ways you can get good marketing without paying for it. In this blog I am going to give you some tips and tricks to get your listing BOOSTED to the top if every marketing page with less work. Like momma always said, work smarter, not harder.


Start at the basics; think about inbound marketing vs. traditional marketing. It’s not just about the advertisements in magazines or online. Inbound marketing focuses on providing customers with valuable content, instead of pushing out a specific message. Traditional marketing does work though, especially social media marketing, nine out of ten people in Las Vegas run to their cell phone or computer every time they need something.


That is not any different when they are looking for a home, or an agent to assist them with their home. With that being said, people will always come if there is content involved, do not just post blasts on your pages with only properties, start getting people engaged in your posts, that’s what is going to make them think of you when they are looking for an agent. Not just someone who knows how to post a listing, but someone who gets involved.


Start blogging, and no I do not mean once a month, I mean at least two to three times a week with good content, and with posts people actually want to read and learn about, like the market, the economy, and such. Everything in your marketing should be data-driven; do not repeat the same mistakes over again by not looking at your stats. Carefully evaluate what your data is telling you about you audience and about their likes and dislikes. If they give better feedback about blogs that are about chicken nuggets, start blogging about chicken nuggets. Check your website, email, and social media analytics at least once a week.


With that being said, if you try to please everyone in your blogs, you will please no one. Think about the audience you actual want to come to your pages and interact with you, and then let your words drive from there.


Try thinking about your ranking in the Google search engines as well; if you are not ranking higher than your competitors than you have a serious problem…. Think about it, people who live on social media want to do nothing less than to spend their time searching through Google to find you on the 5th page with half content.


They typically go with the first ten (and that is pushing it) and compare and pick the best one. Start thinking about your content building and how you are going to get your website on the first page of Google. Seventy-five percent of content gets zero links, and 50 percent gets two or fewer Facebook interactions. Try to get others to start reading your content. Think about a  three-step plan: Research topics and issues your audience cares most about to use as the basis of your content; write high-quality and 500-plus word articles about those issues; and have a plan to promote your content via email and social media.


There is plenty of blogs you can research to get ahead of your competition in marketing, the real question is; Do you have what it takes to be the best in this business? That gives you something to think about.



Do you feel like you are in a rut not only in your life; most people do not even know where to start when it comes too excelling in their life and business.

In this blog, I am going to give a couple of tips and tricks on how to stay two steps ahead of your fellow peers. The first thing you are going to want to do is stay positive. Your attitude on your life will always determine how you live it. If you think you are having a bad day, and nothing is going right, that is exactly how your day is going to go, but you think about the positive even when things are not going so great, that’s when things will start to look up in your life.


Even if you hit every light on the way to work causing you to be five minutes late, and you think there is nothing good about that; there is. At least you have a job you can go to everyday, and get a pay check; some people do not get that privilege.


Finding the positive in the worst situations is something that will already keep you ahead of the negative people out there. Not only is it very important YOU stay positive, it is also important that the people you decide to surround yourself with are also positive. No that does not mean everyone you hang out with has to be little miss sunshine, but keeping people with the same goals and mind state as you, will keep you on the right and positive track.


Finding people who like to do the same things as you, even if that is sitting on your couch on a Sunday afternoon, watching movies, and eating a tub of ice cream. Don’t try to force yourself into a friendship you know you do not belong in.


Start exercising, yes I did say exercise. When you exercise it release endorphins in your brain that make you feel happiness, and a sense of accomplishment. When you are feeling good about yourself that is what is going to make you want to push hard in every aspect of your life. Even if that means going on a treadmill for 5 minutes a day just to say YOU did and you succeed your daily goals.


Some times when your day is just go, go, go you have to take a second to slow down. Don’t be so caught up in a routine that you forget to appreciate the little things in life. Enjoy a conversation or take a step outside to enjoy a fresh breath of air.


Trust me when I say there is no greater joy in life than reaching out a helping hand to someone in need. That does not always mean someone who has less than you, but I bet if you try one time a month to pay for the food for the person behind you in line, it will make you feel a whole lot better about yourself, and your life.


Do not know be scared to get out there and experience life. Take risks, life will keep going on; keep helping other and please do not ever forget to help yourself.




Across the Las Vegas Valley, the spring is the busiest time to list your home for sale or rent; not only in the spring months, but when school gets out as well.


People do not want to typically move when it is 50 degrees outside, so right when it starts to get warm out people will be on the hunt to find homes to rent and buy. I am going to give a few tricks to make your home stand out and to get the move activity on it.


Your sellers of all people will probably ask you the most questions in the process or listing the home. They will want to know exact what they are supposed to be doing to get their home ready, rather it be having the home empty and clean or staying in it to keep it staged for the next owner. You only get one first impression, so tell your clients to take the time to paint that room, replace that carpet, mulch that bed, or de-clutter that basement.


The outside appeal is what is going to stand out the most, making sure the grass is cut, and all the weeds are gone is what is going to attract your buyers at the first glance. If a buyer pulls up and sees a messy front yard, it might turn them off to the entire house before they even get inside.


Having a good front yard, will start them off already loving the house and will give a little room for dislikes inside the home! Pricing is also a very important factor when it comes to listing your home in the spring, having an over-priced homed might steer away your potential buyers. For a buyer, the best thing you can do is educate them on the spring market, and how fast house come on and off the market; if they love one they need to snatch it up as soon as possible because it might not be there the next day. Getting pre-approved for a loan is also fatal for your home buyer, because already having a number ready will keep you from looking at homes not in their price range and wasting not only your time, but your buyers time. Little things will matter when making an offer, like having a larger down payment, having fewer contingencies, and being flexible on settlement date.


Find out as much as you can about the sellers. In some cases, buyers have “won” a home because they wrote a personal letter to the seller saying why they loved the house or how they could see starting a family there. The best thing you can do when you are representing either the buyer or the seller is have the most information you can. Educating both the seller and the buyer on what the spring market for the current year is crucial if you want the transactions to move quicker, and easier.


Also, listings turn into buyer clients via sellers buying another home, open house leads, sign call leads, etc. There are plenty of buyers and lots of sellers out there, so go get ‘em!


Why You Should Hire a Property Manager?

Why You Should Hire a Property Manager?For busy home owners or landlords, staying on top of everything can be a challenge. In addition to having to deal with current tenants, ongoing building maintenance, and emergency repairs, you also have to worry about getting the word out regarding vacancies, screening applicants/possible tenants, and keeping up with ever-changing property regulations. This is where hiring an experienced and reputable property manager can really make a difference. Depending on the number of properties and units you have, hiring an experienced and knowledgeable property manager can streamline the process and free up much of your valuable time.

Simplified Tenant Interaction

One of the most beneficial aspects of hiring a property manager is having a dedicated point of contact for your tenants. An established property management company will have qualified staff in place to take incoming applicant and tenant calls, answer questions, handle complaints, and schedule repairs. If you own multiple properties or your property is comprised of a large number of units, you may find yourself on-call all day, every day, if you don’t have a property manager to oversee everything for you. With a property manager, you can have peace of mind knowing that there is always somebody there for your tenants without having to make yourself personally available at all times.

Collecting rent is another important piece of the tenant puzzle that is often the least favorite for many property owners. Ensuring timely rent payment collection is crucial to maintaining your property and securing the value of your investment. However, oftentimes it can get messy when dealing directly with tenants who are unable to make their rent payments on time. By hiring a property manager, you take yourself out of the equation and hand the responsibility over to the management professionals. This extends to situations in which tenants have reached a point where eviction is the only option. Simply put, a property manager will handle the rent process from beginning to end, including implementing late fees and other consequences for tenants who fail to pay rent on time or even at all.

Advertising Vacancies

The amount of time and energy it takes to find good quality tenants can be incredibly demanding. Every property owner appreciates tenants who consistently pay rent on time, rent for longer periods of time, and don’t put heavy wear and tear on the rental property. A property manager will expertly advertise your open listings to fill the vacancies quickly and with tenants that fit your specific preferences. Property management companies also have an understanding of the local real estate market and know the best strategies to identify and target the ideal renter for that region. This particularly comes in handy if you do not live in the same area where your property is located.Once the applications come in, a property manager will also be responsible for the screening process, weeding out those who don’t qualify and bringing in the best candidates who do. This involves verification of employment, previous rental history, pulling a credit report, and conducting a thorough background check. If there are any inconsistencies, you can choose to have your property manager present the full application to you so you can make the final decisions.

Maintenance and Repairs

An involved property manager will conduct regular inspections of your property and suggest improvements before they become a noticeable problem for tenants. Aesthetic repairs may seem somewhat inconsequential, but staying one step ahead with cosmetic improvements will help your tenants see value in the money they spend on rent and ultimately will help improve tenant retention. Additionally, having a reputation that these improvements are made quickly and regularly is an incredible draw for potential future renters. Property managers will also advise on more serious repairs if any issues come up while doing regularly scheduled preventative maintenance. By tackling problems early and using professionals within the property manager’s licensed and insured network of contractors, you can be sure you’re getting quality repairs for a good price. Property management companies also have experienced in-house maintenance staff to handle the regular routine repairs that come along with any property. They will almost always have somebody available at any time for emergency repairs that need immediate attention as well.

Personal Advantages to Owners

Many landlords try to avoid the cost of hiring a property manager by attempting to do everything themselves. Although this may make sense for some smaller properties or owners who have a lot of free time, landlords who have multiple properties and a substantial amount of tenants can find themselves overwhelmed. There comes a point, from a business perspective, where this approach is no longer sustainable. There’s only so much one person can do and being stretched too thin can lead to important things slipping through the cracks. Landlords could fall behind on collecting rent, put themselves at risk of not having accounting information up to date, miss essential repairs, or become subject to other major occurrences that could regrettably have an effect on their bottom line.

The stress and risk a property owner faces when deciding to “go it alone” can far outweigh the cost of bringing in a property management company. A property manager will professionally maintain every aspect of your property, freeing up your valuable personal time. Not being tied down to the property can open up opportunities for personal growth or other business ventures as well. Owners are also able to travel and be away from the property for extended periods of time with a trusted property manager watching over things. Reduced stress and increased free time are some of the many reasons most home owners see the value and opt to hire a property manager when renting their properties.

Although hiring a property manager can be advantageous in many ways, not all property management companies are created equal. Black & Cherry is a professional property management company in Las Vegas specializing in a full range of services offered to owners of residential properties including houses, condos, and apartment buildings. With a full staff and years of experience in Southern Nevada real estate, the Black & Cherry property management team members are ready to maximize your rental income and minimize property expenses through progressive marketing, streamlining repairs, professional accounting services, and aggressive listing exposure.

How Renters Insurance Can Help Property Owners and Tenants

Although renters insurance is not always required in a lease agreement, it can be incredibly advantageous for both landlords and tenants for many reasons. It’s quite common to assume that renters insurance is not necessary, but that leaves property owners and tenants unprotected if unforeseen accidents or unfortunate events occur during the duration of the lease. Here’s why renters insurance is a good move and why you should consider the advantages of this added protection.


Personal Injury Lawsuits are reduced


By investing in renters insurance, tenants lower their risk of being personally sued due to damage or an injury that does or does not occur as a result of the tenant’s actions. One of the biggest expenses that renters insurance covers is personal liability if somebody is injured on the property in which the tenant is renting.


Without renters insurance, the tenant may be looking at an expensive negligence lawsuit, extensive legal bills, and payment of damages to the injured person. In most cases, renters insurance will cover the tenant when an injury occurs. The amount of protection the insurance covers will differ from policy to policy, but landlords can ask renters to have a minimum amount of coverage in the lease agreement.


Tenant May Be Covered for Damage to Property


In the event that a tenant damages the property but is unable to pay out of pocket for the repairs, both the tenant and property owner are put in a difficult position. However, if the tenant has renters insurance, some (if not all) of the repair costs may be covered by the policy.


This is also beneficial for landlords and property owners in terms of knowing their tenant will not be financially responsible for property damage in many cases. If a landlord has to go after a tenant for expensive repairs, it could really hurt a tenant financially and will most likely lead to his or her inability to pay rent or other expenses, such as utilities. The landlord is then faced with the difficult situation of having to implement repercussions and possibly even evicting the tenant.


Property Owners Are Protected When Tenant Property is Stolen or Damaged


When there is a fire or robbery and a tenant’s possessions are either damaged or stolen, it can be a confusing time for everybody involved. If it’s clearly not the tenant’s fault, who is responsible for the damaged property? How will the tenant replace the lost belongings? Unfortunately for property owners, tenants may try to come after you in these situations.


This leads to one of the biggest advantages when it comes to renters insurance. Tenants can recover damages for their lost or damaged property, and the property owner doesn’t have to face legal recourse. The insurance compensates the renter for whatever they lost without getting the property owner or property owner’s insurance company involved. Some common tenant possessions that renters insurance will cover include:


  • Clothing
  • Furniture
  • Computers
  • Cell phones
  • Electronics
  • Small appliances


Landlords Can Avoid Having to Make Claims on Their Own Insurance


When a tenant has invested in renters insurance, the property owner has the advantage of additional protection with this policy in place. If there is an accident caused by the tenant or the tenant’s negligence is the reason for the property damage, the renters insurance will be targeted first to cover the expenses incurred. This prevents the property owner or landlord from having to file a claim with their own insurance company.


When a property owner is able to avoid making claims on their own insurance policy, their insurance rates won’t go up. This eventually saves the property owner hundreds, or sometimes even thousands, of dollars in insurance premiums and deductibles.


Renters Insurance Can Help with Tenant Screening


For landlords, requiring tenants to have renters insurance can be an indirect way of weeding out unqualified tenants. On top of all the other benefits that come with renters insurance, it can be an easy way to avoid leasing your property out to tenants who are financially unstable. Some renters who have unpredictable incomes or limited assets will not apply because the expense of renters insurance is not something they can afford.


If an applicant is willing to comply with your request to have renters insurance, chances are that person is financially and personally reliable. Although landlords need to complete a thorough tenant screening and credit check to know if an applicant is qualified, renters insurance is a fantastic added filter.


Property Managers Can Help Implement Renters Insurance Requirements


A professional property management company can assist property owners with renters insurance by including a specific addendum in the lease agreement, suggesting the best renters insurance policies available for your tenants, and communicating with the insurance companies when necessary. If you plan to require your tenants to have renters insurance in order to lease space at your property, it’s worth hiring a property manager to assist with the process. For Las Vegas and Henderson residents, it’s wise to contact a reputable Las Vegas property management company to help assist you with all lease addendums.

Tips for Las Vegas Property Owners Living Out-of-State

For individuals who have invested in Las Vegas properties but do not personally live in the area themselves, the idea of renting out their properties to tenants can be intimidating and stressful. It’s often difficult to organize everything and stay on top of landlord duties when you’re not physically present to handle those responsibilities. However, many Las Vegas property owners are able to lease their units successfully even without being physically located in Nevada. Here are some tips on how to achieve your rental property goals when not living locally in Las Vegas.


Take Advantage of Technology


It’s easier than ever to stay connected with others through technology. There are a number of ways you can utilize technology to your advantage to help you keep track of what’s going on with your rental property. For example, security and surveillance cameras are an easy way to know who is coming and going, the current state of the building and landscaping, and to make sure you have a record of everything that takes place on community grounds. You can even live stream a direct feed to your computer or cell phone in a matter of seconds.


Technology is also essential for the advanced automation it provides. Your tenants can pay their rent, ask questions, or make suggestions all online. Once the rent is deposited, you can have the funds sent to specific accounts to keep your business running like clockwork.


Build a Local Network of Maintenance Professionals


One of the best ways to set yourself up for success is to build a strong network of trusted professionals you can rely on for repairs, especially in emergency situations. With you not being able to assess the damage in person, you’ll need to rely on individuals who are trustworthy, experts in their fields, and can resolve issues with little to no direction or supervision. It’s not always easy to make these connections, but it’s worth the effort to build and maintain these relationships. If you have enlisted the services of a professional Las Vegas property management company, they should have these established connections for your benefit as well.


Once you have a solid network of local workers, it may be in your best interest to draft agreements with contracted rates, especially if you use them frequently for routine maintenance. This will eventually save you time and money, and also benefits both you and the contracted professionals.


Provide Open Communication for Tenants


When tenants feel their questions or complaints are not being heard or taken into consideration, you may lose reliable tenants because you failed to communicate efficiently with them. Maybe you didn’t address their concerns in a timely manner because the only communication channel they have with you is an inbox which you don’t check very often, for example. This may not only hurt your reputation, but could also damage your bottom line.


Because you are not physically available to your tenants, it’s important to maintain an open channel for communication so they know you care and are fulfilling your responsibilities as the landlord. It’s important to make sure each tenant knows who the proper person to contact in any situation is (especially if it’s not you), and the best ways to do so.


Familiarize Yourself with the Local Area and Regulations


The responsibility of any good property owner is to know the local area; where the closest police and fire stations are, the local hospitals, and any other important services that could be helpful for your tenants. If there is an emergency or natural disaster, it’s always in your best interest to be familiar with the neighborhood and quickest routes that could affect the safety of your tenants. In any case, you should always take the time to know the local area if you are investing in a Las Vegas property.


You should also familiarize yourself with the state’s tenant-landlord laws and regulations that could pertain to you as the owner of the property. It’s important to make sure you are fulfilling all of your legal duties to your tenants, especially if Nevada’s laws differ from the state in which you are living.


Choose Your Tenants Carefully


Choosing/screening your tenants carefully is the most essential piece of the puzzle when it comes to successfully renting out your Las Vegas property. The last thing you want is to be in need of Las Vegas eviction services due to an unruly tenant, so it is vital to choose wisely. It’s crucial to find responsible, reliable, and trustworthy tenants when you won’t be able to continuously monitor the property or physically be available to deal with pesky reoccurring tenant issues.


Screening for qualified applicants can be time-consuming and stressful, but is definitely needed and worth the time in the end. On top of all the standard checks, it’s important to follow up with all of the prospective tenant’s references and confirm that all the information included on the rental application is correct. This will all but ensure that you lease your property to a tenant who will pay their rent on time, respect the property/take care of the unit, and communicate with you if there are any issues that arise.


Hire a Local Property Manager


It’s true, there’s only so much you can do when you don’t live in the same state as your rental property. There are several things you can do on your own to help make the leasing process easier in the end, but it does involve a lot of time and commitment. For some property owners, purchasing the property was an investment but they don’t necessarily want to sign up for a full-time landlord job. For those individuals, hiring a reputable local Las Vegas property management company is the most effective way to ensure that your tenants are happy, and that you are also meeting all of your leasing and financial goals.


Following up with your home owner after the deal closes is very important!
When you have a client, reaching out to them is very important because even though you are in contract with them, you might not be their go-to real estate agent. If you build a real relationship with them, they will think of you first when they are ready to purchase another home, or sell their current home.
Not only will they think of you when they are ready to repurchase they will also send referrals to you. A lot of home buyers and sellers do not do a lot of research before finding their preferred agent, so when you have a client you will want to reach out to them as much as possible and always keep them updated with their property and other properties on the market, or in their neighborhood so when they need an agent you are the first person that comes to their minds.
Doing little things to stay in your client’s mind, like sending them a yearly calendar, a fridge magnet, or even just a yearly post card will truly make a difference when they are ready to re-purchase a home.
Thirty-six percent of homeowners say they find it beneficial to receive communication from a real estate professional, even if they aren’t in the market to buy or sell, according to the survey. They say they are particularly interested in receiving information such as listings and open houses in their neighborhoods.
Forty percent say they would like to receive home maintenance tips and information on neighborhood events. But only 19 percent of homeowners say they actually receive such communication from their real estate professional. The study found that homeowners overwhelmingly prefer to receive information via email instead of text message, phone call, or social media communication.
Keeping in touch with your client will not only raise your chances of having them re-purchase from you, but it will also have them refer people to you! Couples of ways you can stay in touch with your client are email, text, or even try calling them.
According to recent surveys home owners truly appreciate when their Real Estate agent reaches out to them, not only for their business but too wish them Happy Holidays, or even receiving a little Happy birthday text can make all the difference. This suggests communication initiated by an agent might be enough to turn a lead into a sale, even if it takes years before the client is ready to buy or sell.
Agents are missing opportunities to cultivate relationships with past and potential clients so when it is time to move, they know who to call. Typing a quick email takes less than a minute, but it will make all the difference when it comes to keeping in touch with your client.
So get out there, reach out to your owners and try and get more business! Good luck, and happy reading!


When renting a home in the Las Vegas area, you will more than likely need a rental history form filled out from your previous landlord, and if you are anything like me, you might have been late on a few of your payments.
Do not let this scare you, you will not be couch hopping, or staying with friends, I am going to give you a couple of tips on how to get a good rental form from your previous landlord! Your landlord might just give you a good review just to get rid of you as a current tenant… But if they are not willing to do that, here are a few tricks you can try to get a good rental form!
Start by trying to explain yourself, most applications has a spot about previous rental history before they even reach out to your old landlord, if you have a legit reason on why you were late a couple of time, most landlords will work with you, for example you could say “I was late because I could not afford the rent, that is why I am applying for a cheaper home.” Something as little as that might make your new property manager be on your side when it comes to your new rental.
If that does not work try offering to pay more of a deposit! You might not have entire years of rent in cash on the spot, but if you are willing to put 2-3 months of rent down, it might persuade the property manager/owner into renting from you despite the bad rental verification form! If you do not have that either maybe you can go for a home that is below your budget and offer to pay more a month, for example if the home is $750 a month, you can offer them $850 a month it might help the owner over look your previous rental history!
Having a co-signer could also make the biggest difference when it comes to having a bad track record. Just knowing the owner has someone to fall back on if something were to happen, make them feel more at ease when renting from you!
Start asking family members. Offer to have auto-pay! Having the owner know the rent will be coming out of your bank account every month, on the same day; auto deposited into their account can make them feel a lot better about knowing they will receive the rent! If all else fails, or are not working the way you planned, try moving to a less desirable neighborhood, or if it is possible an apartment to try and get good rental history started.
There are many ways to get into a home if you do not have the best rental history, just do not give up, and try all of your options. You will get into a home, and even if it not your dream home, you have to start somewhere, and build up your rental history so eventually you will be in your dream rental with no problems!