Owner/Investor Property Management

Since 1979, Terra West has provided Southern Nevada with superior property management services, focusing on single family homes and homeowners associations. Terra West is a founding member of the Community Association Institute (CAI) and the Community Association Management Executive Officers, Inc. (CAMEO). All of our managers are licensed and have property management permits. Single Family Managers are Nevada Real Estate Agents. They are members of the National Association of Realtors®, the Nevada State Board of Realtors®, and Greater Las Vegas Association of Realtors®. Our managers are supported by professional assistants, a top-notch accounting department, and a friendly and knowledgeable front desk staff.

Terra West manages approximately 1,000 single-family homes, townhomes, and condominiums. We take pride in our management, our rental homes, and we strive to provide our residents with the best service we possibly can while they live in the rentals we manage.

To speak with someone regarding our services, our inventory of available rental properties, or request a FREE market analysis of your property, please e-mail us at info@terrawest.com, call 702-251-4595, or fax us at 702-251-4594. If you are out of state, you can call us toll-free at 800-726-1991.

You may also view a current list of available properties right here on our website and LV-HomeRentals.

FAQs About Terra West Property Management Services:

What is it going to cost me?

$300.00 - Initial Setup Fee. This is a one-time fee due at signing of the Property Management Agreement.

$250.00 - Reserve Account Balance. Must be maintained at all times for the payment of normal expenses/bills on behalf of the Owner.

Management Fee - 10% charge on collected monthly rent goes into effect once the property is rented. This fee is discounted to eight percent (8%) of the collected rents if Owner has at least five single-family properties under management with Terra West.

$150.00 – Lease Renewal Fee. This fee is due upon a successful one-year renewal of the lease agreement with the tenant.

Do you provide an accounting?

A comprehensive accounting report detailing all income and expenses will be sent to you by the 15th of each month. A copy of any repair bills will be included, along with any correspondence pertaining to your property. Disbursements of Owner's proceeds occur between the 9th and 14th of each month by direct deposit. Checks for disbursements can be mailed for an additional fee of $10.00 per month. Additionally, Form 1099 will be provided for your tax computation and records.

Do you regularly inspect my property?

We conduct an inspection of the rental property before we ever place a tenant in your home. Additional inspections are conducted upon move-out or prior to lease renewal. At no extra charge, we will do an inspection if we receive a complaint from the homeowners association or a neighbor. A “drive-by” inspection is conducted every six (6) months.

How do you handle repairs and maintenance?

All of our vendors/contractors are licensed, insured, and bonded. They are equipped to take care of cleaning, painting, stucco repair, roofing, garage doors, landscaping services, plumbing, electrical, pool service, locksmiths, etc. Unless there is an after-hours emergency, we will never authorize more than $250.00 for any repair to your home without your prior approval. General repairs and improvements to the property and maintenance of appliances as a result of standard wear as well as all essential services must be performed at Owner’s expense.  

How much will my property rent for?

We recommend a rental amount through a comparable market analysis and by inspecting the property. While factors such as square footage, the number of bedrooms and bathrooms and other amenities affect Las Vegas rental prices, market conditions will best determine what your investment property will rent for. For a FREE, no cost and no obligation Comparative Market Analysis (CMA), contact Terra West.

What does the $300 set up fee include?

• Property Inspection
• Property evaluation to determine condition & needed repairs
• Digital photos from property evaluation
• Property Manager reviewing property evaluation report (10 pages)
• Downloading and printing digital photos from property history report
• Entering all owner & property information into Terra West databases (includes home warranty, insurance and homeowners association information)
• Logging in and keeping record of all keys, transmitters, pool keys, HOA keys, HOA Rules & Regulations
• Answering all calls from prospective tenants and Realtors® interested in property
• Running credit checks on all prospective tenants (includes taking Good Faith Deposits)
• Coordinating and signing lease and all necessary paperwork for new tenants
• Collecting security deposit & rent
• Arranging move-in for tenants
• Updating all Terra West databases (inputting new tenant information)
• Updating all accounting information (inputting new rental amounts)
• Property Manager reviewing tenant Move-in evaluation report (10 pages)
• Scheduling 6-month drive-by evaluation

Useful Documents:

Documents are in PDF (Adobe Reader) format. 
You can download Adobe Reader free here.


Cleaning Checklist
Direct Deposit Authorization Form
Property Management Agreement
W-9

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