Popular on EntSun
- Female Motorsports Sponsorship & Expansion; Acquisition Agreement of UAE-Based Sports Incubator by Online Lottery & Sports Game Provider: Lottery.com - 243
- Experience Trembling Firsthand with the New AgeMan® Tremor Simulator - 221
- Edtech Startup Young Commanders Launches 'Visionaries Without Sight' Collection Celebrating Blind and Visually Impaired Historical Figures - 216
- IRF Builders Forum Brings Global Leaders to Washington, D.C. to Advance Religious Freedom Through Cooperative Engagement - 207
- BillBoards Inc. Hits the Road with God Bless America Tour and Reality Series Now Streaming on Tubi TV - 157
- Token-Operated Sake Service Opens at Tobu Nikko Station - 134
- Honoring Black History, Culture, and Community in Fall River - 131
- databahn Launches GenAI Sales Intelligence Platform to Revolutionize Fortune 500 and Global 2000 Account Research - 125
- Byrd Davis Alden & Henrichson Launches Independence Day Safe Ride Initiative with 500 Free Uber Credits - 117
- Agreement to Supply US-Based Defense Provider with Thin-Film Solar Tech for Orbital Application; Ascent Solar Technologies, Inc. (N A S D A Q: ASTI) - 111
Similar on EntSun
- The Blue Luna Encourages Local Schools to Take Steps to Enhance Safety for Students and Staff
- Smart Resnse Unveils Smart Resnse(SRMS) Token-Powered AI Orchestration Platform to Revolutionize Multi-Billion Dollar Market
- Revolutionary Blockchain Platform Okh Finance Announces Okh Finance(OKKH) Token Launch to Transform Global Asset Leasing Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- The World's Largest Green Economic Revolution Emerges as Nature, Tech, and Finance Converge
- Pyro Marketing Opens New Digital Marketing Company in Saint Petersburg to Power Growth for Fitness and Ecommerce Brands
- Dr. John Salerno of Salerno Wellness Introduces Their New Full Body Capsule for Advanced LED Light Therapy Patient Treatments
- $14M Expansion Deal with Famed David Lloyd Highlights Rebrand of Sports, Entertainment and Gaming Innovation by AI Driven, Online Fan Engagement Co
- Radarsign Tackles Intersection Safety with Launch of Grid-Free Solar LED Stop Sign
- Miami Real Estate Agent Drastically Increases Interest In Homes
4 Steps Landlords Need To Take To Prepare For A Rental Emergency
EntSun News/10884907
LAS VEGAS - EntSun -- Action Plan
Probably the number one thing you need to do is to have an action plan, especially if you don't live in Las Vegas. You should have a list of vendors that you can easily contact for all types of repairs, insurance contacts, emergency housing for tenants, and of course funds set aside that you can access so that the rental emergency doesn't turn into "your" personal emergency. As in the case of a fire, or say an accident where a driver lost control of a vehicle and the vehicle ended up inside your dwelling, you might also need all the contact numbers for the police, fire dept, city inspectors, and city emergency response departments. As the old saying goes, if you fail to plan you will be planning to fail.
https://youtu.be/M0HbtqgZrbs
Get A List Of Vendors
First let's discuss the vendors. The key here is to find vendors that are qualified and that will actually respond after hours, because not all vendors do. Emergencies never happen when you want them to, and they almost always seem to happen at night or while you're on vacation. When you have 6 inches of water throughout the property, and it's moving up your walls, the last thing you want to be doing is searching Yelp to determine who can come to the rescue.
Determine Which Vendor Is The Best Fit
More on EntSun News
So, how does an owner figure out who the best vendors are that they can rely upon in times of need? An owner needs to have enough experience in each trade in order to conduct an effective interview with a prospective vendor. Owners need to be able to dig deep and ask the right questions to get a clear picture of what each vendor is capable of. In addition, the owner must be able to instantly create a relationship with the vendor so that they'll receive competitive rates and timely responses.
Unfortunately, as an owner, if you only have one or two properties, you're really not that important to a vendor. Being able to create a relationship or get preferred rates after one phone call will be difficult. Here is where an owner has an opportunity to leverage a property managers contacts and size so that they instantly become important in the eyes of any vendor.
Get The Right Insurance Coverage
There are a couple of insurance policy considerations to make as well. The first is to make sure your policy covers mold remediation and temporary relocation for your tenants, and secondly you might consider requiring your tenant to carry renter's insurance. Keep in mind, requiring renter's insurance could potentially interfere in obtaining qualified tenants for your vacant property unless it was something you were going to provide for them.
NRS 118A.260
So, when something like a fire, or a flood from a broken water pipe happens, you need to have a reliable first responder available, 24/7. There needs to be multiple people that a tenant or city official can contact at a moments notice. In fact, Nevada State law, NRS 118A.260, actually requires a landlord to engage or hire someone to handle their rental if the owner lives more than 60 miles from the property. Not having these resources in place to act on your behalf could possibly put you in a variety of unwanted situations.
More on EntSun News
Let's take a moment to review. There are your 4 basic steps to take regarding a rental emergency.
1) Set up an emergency fund to cover unexpected expenses
2) Know who you are going to call
3) If it's an emergency perform a quick remedy to stop the bleeding
4) When you put everything back together, do it right the first time by using qualified vendors. If you go for the cheapest price, you will probably end up paying more in the long run.
The Easiest and Best Solution
Nobody expects or wants an emergency. However, owners need to plan for the worst and hope for the best. The easiest way to do that is to engage an experienced, 24/7 property management firm like the Atlas Group LC. Problem solving and helping owners thrive is what we do. Let's discuss your needs… there's no obligation, just give us a call at (702) 916-2222 atlas@property-mgmt.com www.property-mgmt.com
https://youtu.be/qcE7TtDcavQ
Probably the number one thing you need to do is to have an action plan, especially if you don't live in Las Vegas. You should have a list of vendors that you can easily contact for all types of repairs, insurance contacts, emergency housing for tenants, and of course funds set aside that you can access so that the rental emergency doesn't turn into "your" personal emergency. As in the case of a fire, or say an accident where a driver lost control of a vehicle and the vehicle ended up inside your dwelling, you might also need all the contact numbers for the police, fire dept, city inspectors, and city emergency response departments. As the old saying goes, if you fail to plan you will be planning to fail.
https://youtu.be/M0HbtqgZrbs
Get A List Of Vendors
First let's discuss the vendors. The key here is to find vendors that are qualified and that will actually respond after hours, because not all vendors do. Emergencies never happen when you want them to, and they almost always seem to happen at night or while you're on vacation. When you have 6 inches of water throughout the property, and it's moving up your walls, the last thing you want to be doing is searching Yelp to determine who can come to the rescue.
Determine Which Vendor Is The Best Fit
More on EntSun News
- Josh and Heidi Follow Up the Much Anticipated and Successful Launch of the "Spreading the Good BUZZ" Podcast with a Personal Request
- The Battle for the Enchanted Forest Brings Fantasy, Fun, and Fundraising!
- Revolutionary Blockchain Platform Okh Finance Announces Okh Finance(OKKH) Token Launch to Transform Global Asset Leasing Market
- Cover Girl Finalist Teisha Mechetti Questions Legitimacy of Inked Originals Competition, Demands Transparency
- Easton & Easton, LLP Files Suit Against The Dwelling Place Anaheim & Vineyard USA Over Abuse Allegations
So, how does an owner figure out who the best vendors are that they can rely upon in times of need? An owner needs to have enough experience in each trade in order to conduct an effective interview with a prospective vendor. Owners need to be able to dig deep and ask the right questions to get a clear picture of what each vendor is capable of. In addition, the owner must be able to instantly create a relationship with the vendor so that they'll receive competitive rates and timely responses.
Unfortunately, as an owner, if you only have one or two properties, you're really not that important to a vendor. Being able to create a relationship or get preferred rates after one phone call will be difficult. Here is where an owner has an opportunity to leverage a property managers contacts and size so that they instantly become important in the eyes of any vendor.
Get The Right Insurance Coverage
There are a couple of insurance policy considerations to make as well. The first is to make sure your policy covers mold remediation and temporary relocation for your tenants, and secondly you might consider requiring your tenant to carry renter's insurance. Keep in mind, requiring renter's insurance could potentially interfere in obtaining qualified tenants for your vacant property unless it was something you were going to provide for them.
NRS 118A.260
So, when something like a fire, or a flood from a broken water pipe happens, you need to have a reliable first responder available, 24/7. There needs to be multiple people that a tenant or city official can contact at a moments notice. In fact, Nevada State law, NRS 118A.260, actually requires a landlord to engage or hire someone to handle their rental if the owner lives more than 60 miles from the property. Not having these resources in place to act on your behalf could possibly put you in a variety of unwanted situations.
More on EntSun News
- AI Visibility: The Key to Beating Google's AI Overviews and Regaining Traffic
- Stuck Doing Math or Figuring Out Life's Numbers? Calculator.now Makes It Stupidly Simple
- Colbert Packaging Announces WBENC Recognition
- DivX Empowers Media Enthusiasts with Free Expert Guides for Advanced MP4 Management
- Bay Street Yard to host "Love Island" finale watch party July 13
Let's take a moment to review. There are your 4 basic steps to take regarding a rental emergency.
1) Set up an emergency fund to cover unexpected expenses
2) Know who you are going to call
3) If it's an emergency perform a quick remedy to stop the bleeding
4) When you put everything back together, do it right the first time by using qualified vendors. If you go for the cheapest price, you will probably end up paying more in the long run.
The Easiest and Best Solution
Nobody expects or wants an emergency. However, owners need to plan for the worst and hope for the best. The easiest way to do that is to engage an experienced, 24/7 property management firm like the Atlas Group LC. Problem solving and helping owners thrive is what we do. Let's discuss your needs… there's no obligation, just give us a call at (702) 916-2222 atlas@property-mgmt.com www.property-mgmt.com
https://youtu.be/qcE7TtDcavQ
Source: Atlas Group LC
Filed Under: Business, Investment
0 Comments
Latest on EntSun News
- Heritage at South Brunswick Offers Immediate Townhome Appointments and Special Mortgage Incentive Fast-Moving Sales
- American Made Ivey Abitz Bespoke Clothing Travels for Summer
- NASA Collaborative Agreement for Supply of Thin-Film Solar Tech for Orbital Application to Advance Development of Thin-Film PV Power Beaming: $ASTI
- Exciting New Era of Sports, Entertainment & Gaming Innovation Spotlighted by Rebrand of Expanding AI Driven, Online Fan Engagement Company: SEGG Media
- Service Ninjas Debuts First-of-Its-Kind "Membership" Platform for Home Service Pros
- Bruce In The USA Brings Immersive Bruce Springsteen Celebration to Frederick This October
- BIYA Forecasts 2025 Surge with ¥300M ($41.8 M USD) in Revenue and ¥25M Profit from Cloud Based HR Solutions: Baiya Intl. Group (N A S D A Q: BIYA)
- Paul E. Saperstein Co. Announces Geographic Expansion of Auction Services
- Florida Broker Bent Danholm Featured in the Daily Mail's U.S. Real Estate Coverage
- Robin Launches Legal Intelligence Platform to solve intelligence gap in Fortune 500 legal teams
- Melissa B. Releases Digitally Independent: Empowering Music Artists with AI and Brand Strategy
- Mental: Elderly Abuse a Documentary
- Consumer Accountability Alliance Issues Formal Notice Alleging Proximate Liability for Medical Harm
- Rising to New Heights in the Mile High City with Destination: Scientology, Denver
- The City's Largest and Most Elegant Dinner Party Returns on September 13, 2025
- Utah Metal Fabricator Titan Forge Builds Momentum with Custom Steel Projects and Spiral Staircases
- Jason Koch: Pioneering the Future of Real Estate Development in New Jersey
- Voting Opens Tonight for the 2025 Spin Awards Honoring Excellence in Christian Gospel Radio
- Introducing LK Blue: The Cool-Girl Denim Brand That's Redefining LA Style Launches E-Commerce
- Bach and Beyond: Cellists Return to the Beach for 2nd Annual Bethany Beach Cellofest