Overview for Investment Owners
Las Vegas is on the grow and that means opportunity for investment property owners, IF you have the right property manager. Since 2009, Orange Realty Group has been assisting rental property owners maximize their investment. Our advertising and marketing tactics fill vacancies quickly. Our professional rent collection processes keep cash flowing. And, our own in-house maintenance division and supplemental external vendors work to effectively maintain the value of the properties we manage.
Our standardized full-service property management program is specifically designed for owners who want to enjoy the benefits of rental home ownership, but do not want the hassle of dealing with all of the day-to-day demands required to successfully manage this type of investment.
We’ve seen the results of poorly managed properties that absolutely failed at meeting targeted investment goals, caused endless hassles, legal liabilities, and unnecessary expenses because owners unfortunate enough to be in this situation have often come to us to turn this state of affairs around for them. When properly managed by a professional property management firm such as Orange Realty Group, single family rental homes can be a very rewarding investment. Let us take the hassle out of property management for you.
We are proud members of the National Association of Residential Property Managers (NARPM®). NARPM’s have deep expertise and industry knowledge to offer the best possible property management services in the industry. The National Association of Residential Property Managers (NARPM®) is the only national organization dedicated to the professional management of single-family homes and small multi-family investment property.
We are also proud to call ourselves REALTOR®s. There is a difference when using a REALTOR®. REALTOR® is a registered collective membership mark that identifies a real estate professional who is a member of the National Association of REALTORS® and subscribes to its strict Code of Ethics.
Finally, we are also very proud of our A+ rating from the Better Business Bureau (BBB), and we fully abide to the BBB Standards of Trust.
Bottom line, we offer peace of mind, at affordable rates!
Our Services and Fee Schedule
We are local and we know and understand the Las Vegas, NV real estate and rental market. We assist our investment property owners in setting market competitive rates and in maximizing their return on investment. We are flexible enough to adjust our services to whatever our Investment Property Owners may require. However, our efficient and effective Standardized Full-Management Services Program is most popular for being stress free, and includes:
- Property viewing and Market Rent Study to determine the home’s competitive status in today’s market
- Property Inspection Report; including pictures and recommendations to improve property’s marketability
- Design & placement of rental web-based advertising on approximately 90 internet venues, including Zillow, Trulia, Hotpads, and others, while being a Featured listing on our website, plus old fashioned “For Lease” signs
- Complete tenant procurement process to include:
- handling rental inquiries, showing vacant properties 7 days a week,
- Rental application processing (thorough tenant screening) for all residents 18 years of age or older
- Thorough lease review and counseling for tenants of all provisions prior to rental start date
- Lease execution, collection of initial move-in monies (rent & security deposit via certified funds)
- Rent Collections
- Tenant Relations
- Thorough Move-in Condition Inspection Reports w/photos, we also offer additional optional interior and exterior home protection inspections services, for minimal extra fees
- 24/7 On-call availability for Property, Owner and Tenant emergencies
- 24/7 In-house Property Maintenance
- Management of various property type caretakers, such as Pool Company, Lawn Service, Pest Control
- Accounts payable/receivable processing monthly
- Ability to accept online rent payments from residents
- Monthly and annual financial reporting
- 24/7 online access to owner documents and accounting reports through your Owner Portal
- Owner disbursements made by the 15th day of each month
- Monthly owner disbursements via Electronic Funds Transfer (EFT) or Check
- Non-interest-bearing trust account for tenant security deposits
- Owner consultation, as needed
- Late notices to tenant, as needed
- Eviction Services, as needed
- Move-out inspection and security deposit reconciliation when tenant vacates
- Lease administration; renewal tracking
- 1099 reporting and processing annually
- Custom services are extra, see our Orange Realty Property Owner’s Manual, or call us
- Extraordinary Services are extra, and vary according to the agreement between the Client and Orange Realty
Our Investment Owner Clients are provided accurate and detailed income and expense statements securely online. We can even electronically transfer net income to improve cash flow. If you are in search of ethical, honest property management that makes the most out of your investment, contact Orange Realty Group. We look forward to assisting you in reaching your real estate investment goals!
Please find a summary of our Standardized Full-Management Services Program’s Fees, below:
- Monthly Management Fee: 8 – 10% of rent collected, depending on type and number of properties, with the minimum fee at $75
- One Time Set-up Fee on 1st Home: $250. Deducted from rent, not paid in advance.
- Tenant procurement fee: 1/2 of one month’s rent
- Renewal fee (when tenant remains longer than 12 month’s rent), ¼ of one month’s rent
- Minimum and Vacancy Fee $50 / month.
There are never any additional charges for the services outlined above. Orange Realty strives to provide excellent service and value pricing for our clients. We also custom tailor a scaled property management fee structure depending upon the scope of the services requested, and the number and types of properties managed. Our quality of service is among the highest in the Industry, and we can provide the quantity of services tailored to each Investment Property Owner’s specific needs. We look for mutually beneficial pricing solutions that taken with our excellent property care delight our clients enough to engage us for the long term. Ask us about Investment Owner discounts for high end and multiple properties.
Maintenance Division Services, Unbundled Services, and other Extraordinary Special Services
Due to having our own outstanding in-house maintenance division, Orange Realty is able to offer exceptional extra value added handy-man and maintenance services for Owners and Tenants. We have superior programs such as the preventative Springtime A/C tune-up special, the winterization program, the mandatory Tenant furnace and filter replacement program, and three internal and external property protection inspection programs for Owners. We are also capable of fully rehabbing properties for Investors. For an updated listing of all the extraordinary programs we offer, or to learn more, please feel free to ask.
We recognize a minority of our clients don’t want “Standardized Full-Management Services” – they want to handle most of the property management duties themselves. This is perfectly OK with us, for those brave of heart. For the investor-owner who just want a bit of assistance in specific tasks from time to time, we can help. We offer the following services as stand-alone options, at the rates below:
| Full Property Inspection (interior and exterior) with Report & pictures | $345 |
| Drive-by property inspection w/photos (exterior only) | $75 |
| Market study of vacant property to determine rental value | $425 |
| Vacant property security check (weekly) | $175/ea. |
| We also offer a Tenant Placement Only option, on a limited basis | Ask Us. |
We can also handle many special or custom type services requested by our Clients, such as: appeals of Homeowners Association Violations and/or Fines, Insurance Claims Handling/Oversight, eviction Court preparations and appearances. Each of the “Special Services” provided by Orange Realty Group is on an as-needed basis according to a specific agreement. Our hourly rate for these types of services range from $75 to $95. Detailed accounting of hours spent will be routinely provided to the owner. For a current listing of Custom services, please see our Orange Realty Property Management Owner’s Manual, and don’t be afraid to ask for any other services where we might be able to assist you.
What is the Orange Realty Standardized Full-Management Services Program?
One of the first questions a new Investment Owner will typically ask us is, “What is the Full-Management Residential Property Management Program option?”
The most popular property management program services we offer is bundled together to provide a “full service” approach to managing your rental property. This program is specifically designed for the investment-minded property owner who understands the value of professional guidance in managing his or her investment. Maintenance services and other specialty services may be elected to be done separately.
Most of our clients don’t have the time or desire to become expert property managers. They also do not have extensive knowledge of Nevada Landlord-Tenant law, state and federal fair housing laws, disclosure requirements, tenant screening practices, rent collection, in-house maintenance and vendor contractor coordination, and lease administration – all of which are required for successful management of residential rental property in Nevada.
When you contract with Orange Realty to manage your property, you’re contracting with the best. Our Owner/Broker and his company is well-respected in this industry by owner-investors, renters, and our peers.
As your property managers, Orange Realty Group Property Management will coordinate completion of routine maintenance and repairs. If something needs repair, we’ll get it done without hesitation. Proper maintenance of your property is not optional. Believe it, neglected properties can give rise to bad tenants! By attending to maintenance issues as they arise, we communicate the importance of proper care of the rental home, and the renters understand the same is expected of them. This environment of care typically results in long-term, reliable tenants. Of course, if a repair is caused by tenant damage or misuse, we will bill the tenant for the cost. Major repairs/replacements not requiring immediate attention can also be handled by our internal maintenance team, and will be discussed with you prior to doing any work.
Speaking of good tenants… we’ll select them for you, based on our objective screening criteria. When it comes to whether or not to allow a pet, you make the final decision. We’ll document the property’s condition at move-in, administer the lease throughout the tenancy, and manage the move-out inspection and process when the time comes.
You’ll hear from us monthly, when we make your ‘owner draw’ deposit to your bank, and send you a month-end operating statement. We’ll also contact you to give you a ‘heads up,’ if there are any upcoming move outs within 90 days, or other foreseeable events that may interrupt your cash flow of the property. Additionally, you’ll have 24/7 access to your Owner Portal containing property documents, and both current and historial financial information on the property.
To summarize, we manage your rental property as our priority, with both care and expertise, and always with your best interests in mind.