IMS Realty, LLC & Property Management

  Find a property manager : What questions to ask Finding the right property management for your real estate investment lies all is the inquiry. Knowing what question to ask about services, fees, money management, property maintenance , and contract duration will help you find the best manager for your property. Here is a guide to what questions to ask to find the best property management. Services & Fees Services and fees are the primary part of a property management contract. It is essential that you must understand all the terms and conditions of the services and costs.  The services and fees part of the agreement is where the property manager agrees to specific services for an agreed-upon fee. It is vital that you fully understand what you will be paying for, what services are extra, and what services you will not be getting. Questions to ask about Services and Fees  What type of fees do you charge? Most companies charge a management fee, understand the...

A 7 step guide:  understand property management responsibilities   What is a property manager, and how would they benefit you, and your real estate investment? Property management is a third party who is hired to manage daily operations of any real estate investment. In other words, a property manager makes sure that all types of properties remain rented, and that each establishment runs smoothly. The responsibility of property management varies depending on their salary and the specific terms of their contract. However, a property manager is responsible for rent, tenants, repairs, knowledge of the landlord-tenant law, supervising, managing budgets, and taxes. Here is a 7 step guide to help you understand property management responsibilities of having property management. 1) Responsible for Rent Property management is accountable for setting rent prices, collecting rent from tenants, and adjusting rent rates when applicable on your real estate investment. Setting ...

  Questions to Consider Before You hire a Property Management Service A property management service should be everything you can hope for. This guide includes some thought-provoking questions that help you to successfully build a relationship with your property management and your tenants, and above all result in a successful real estate investment.  This guide includes questions and advice about hiring operations, establishing policies and procedures, building a communication strategy, outlining expectations, and introducing your new property manager. Questions to ask potential property management : What service does this property management company offer to you? For example, can they inspect, administer background checks, market, lease, manage and sell your properties? How many rentals do they manage? You want to understand their size, and their potential ability to meet your needs. What managing rental experience dose this potential manager have? Can this ...

Las Vegas Property Management vs. Asset Management   There’s no question that the Las Vegas Property management and real estate market has been rapidly evolving ever since the development of true towns and cities began to increase in America, replacing much of the spaced-out farmland and homesteads of the prairie. Today’s prototypical real estate agent had better be flexible and adaptable to those changes – it’s likely that over your lifetime, the market will continue to advance and change even more. Some of the changes that real estate agents have had to adapt to in recent years includes, primarily, learning to be fluent with the different technologies that have become available that can help both buyers and sellers organize their thoughts, research current market trends, and even work with their banks online. However, another line is becoming blurred in the real estate market, and that is the border between Las Vegas property management and asset management. If you’re unc...

10 Things Your Las Vegas Real Estate Agent Wants You to Know   This one goes out to all the everyday Jane and John Does who aren’t professional real estate agents themselves but have come upon the need to hire one. When you’re ready to start looking for a new home, you should do some light reading to get yourself familiar with the local real estate market. In any case, here are the top 10 things that a real estate agent wants you to know but might be too polite to tell you, especially if you aren’t open with them about your questions and concerns. (Please note that these generally pertain to people interested in selling their house and buying a new one, but that the principles behind them certainly are relevant in larger-scale commercial properties too!)   They actually want you to bother them! Don’t be shy, it will be easier in the long run if you’re up front about what you think every step along the way. For instance, the worst phone call or email a real estate age...

5 Things You Never Knew About Real Estate   For those of us who aren’t passionate about the real estate industry and property management , when they think about this business, they probably think about stressful bank statements, grumpy landlords, dishonest real estate agents, or some other negative stereotype. Many people are drastically misinformed about exactly how real estate works, since it’s not a class that is taught in primary or even secondary schools, only some university or college-level classes that students are not required to take. This leaves many people scrambling to learn more about real estate at the very last minute – that is, only when it applies to them or a close family member. With that being said, here are 10 cool things you probably didn’t know about real estate before, whether you’re an aspiring realtor yourself, a renter looking for some tips, or a homeowner trying to sell your house. 1. Most realtors operate on commission. Many real estate agents wor...

  What is Real Estate ?   Of all the things you learn in school – history, math, science, literature – many people make it all the way through college before learning anything tangible about real estate, home ownership, or This is especially true since a majority of young adults make it through college while living at their parents’ home, on campus, maybe renting an apartment or house, but not really delving deep into the ups and downs of the property management industry. In the simplest terms, real estate is phrase that refers to the buying and selling of property rights. This can include ownership, temporary or indefinite, of not just the building itself but the air, land, even underground space. If a property is not owned by an individual, they can purchase permission from the owner of the property to live there for a temporary or extended period of time through the processes of renting or leasing. The different types of property that the real estate market deals in ...