Home arrow Policies and Procedures
SUPERIOR REALTY
POLICIES AND PROCEDURES

SUPERIOR REALTY
is a Full Service company, fully staffed to provide local and out-of-state owners with the most complete professional property management and sales service available in Las Vegas.

The goal of our Property Management Division is to place the best interest of the owner first, at economical cost. We offer our Deluxe Service Package for a fee far below our competitors, which results in a higher return on your investment.

Our Deluxe Service Package includes services such as; preparing property for occupancy, advertising, showing, screening tenants, executing leases, collections, all disbursements ( including debt service and association payments, utilities ) provide monthly and year-end statements, maintenance, inspection reports with photographs, and more.
Above all, you may feel confident that we will treat your properties as if it were our own.

Keeping the unit occupied obviously is most important to good management. We realize time is money, and our objective is to fill all vacancies as quickly as possible. We prorate rents accordingly so that the rent is always due on the 1st of each month. Because of our quickly growing communities, we suggest that lease terms of not less than one year. Prior to the end of the lease, we re-evaluate the rent rate and recommend possible adjustments depending on the current market conditions in the area. After the lease term, the lease automatically revent to month-to-month tenancy ( all lease terms remain the same as original lease).

Every six months an interior and/or exterior inspection is conducted by our field representative. Any problem areas are formally brought to the attention of the tenant, if their responsibility. The tenant must correct the situation within a reasonable length of time and we do re-inspect. This curtails any small problems from getting out of hand and possibly damaging the owner's property. All reports along with pictures are forwarded to the owner for their review. maintenance recommendations (if necessary) are also noted. This procedure offers you continued update of your properties throughout the management period and is an exclusive service by SUPERIOR REALTY.

Collection of Rents: Rents are due and payable on the first day of each month and are considered late if not received in the management office by closing on the 3rd business day of the month. The procedure of eviction is stated in the laws of the State of Nevada that we must follow. Should a tenant fail to pay by the end of the 3rd business day of each and every month, a required 'FIVE DAY NOTICE' is delivered to the tenant. This notice demands payment within five business days or quit. Tenants may bring their account current at this time or prior to eviction.

Eviction: If the tenant fails to pay by 5:00 pm on the 5th business day we will submit to Justice court for a 24-hr lockout notice to vacate. If at the end of the twenty four hours, they still occupy the property, the Constable is sent to lock them out of the premises. The total length of this procedure could take up to 20-25 days. Eviction is not always the best solution. In some situations, we may place the tenant on a payment plan to get them caught up over a two-month period. We contact the owner before making any agreements with the tenant for their recommendation and approval. All cost for the eviction are borne by the tenant or is taken from their security deposit if actual eviction takes place.

Repairs, Replacement and Service: There are various vendors that we work with, to provide fast and reliable service at reasonable and competitive rates. Replacements and repairs due to normal wear are at the owner's expense. Should the cost of any ne replacement, repair or improvement exceed $200.00, we will obtain owner approval, except in cases of emergency when we have been unable to contact the owner. Any cost of repairs and maintenance due to neglect or misuse by the tenant will be paid by the tenant or taken from their security deposit.

Vendor Disbursements: Management shall disburse funds according to the agreement. Recurring disbursements services are included in the management fee (i.e. sewer service, association fees, mortgage payments). Invoices are sent to Owners on the 11th of each month along with monthly statements.

Owners Statements and Disbursements: On the 11th day of each month, net disbursement checks and computerized statement, along with copies of invoices, are sent to owners. The statements indicate the funds received, disbursements paid (any repairs, management fee, payments to owner). At the end of the year, the 'Year to date' totals on the Cash Flow Statement reflect the total receipts and disbursements for the year. Prior to the end of January, you will receive an IRS Form 1099 for the previous year's rent collected.

Home | About Us | Contact Us | Avaliable Rentals | Buy or Sell

2007 Superior Realty, Las Vegas Nevada : Buy, Sell, or Rent your home in Las Vegas

Designed by LVIT.COM | Developed and Hosted by LVIT.COM