| 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 mailto:sfrinfo@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 setup 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
-
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:
You will need Adobe Acrobat
Reader version 7 or later in order to view these
documents. You can download Adobe Reader free here.
Cleaning
Checklist
Direct
Deposit Authorization Form
Property
Management Agreement
W-9
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