Monarch Properties

A Full Service Property Management Company

Welcome to 
MONARCH PROPERTIES
(an affiliate of National Properties, LLC)  
A full service property management company 

COST Breakdown

Enough with the jibber and jabber, What's it going to cost me?

SET-UP FEE:   $300.00

LEASING FEE (If your property is vacant):               
A deduction of One half (1/2) of the first months rent
(A minimum charge of $500.00 applies) 
Collected after the the tenant has paid their initial rent.

MONTHLY MANAGEMENT FEE:    
      8% or 9% (depending on HOA)
      (minimum $100.00 charge)
  
MLS CO-OP FEE (if applicable):       
      minimum co-op amount of $250.00

No Reserve account required, thats $0.00

No Lease Renewal Fee charged, that's a big savings for the owner

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Management Fee for the rental dwelling: 

8% of monthly rents received.

9% of monthly rents received  for rental dwellings with governing HOA (homeowner's association) or PUD (plan unit developments) due to the increased administration costs, additional labor required and time to facilitate set-up with the HOA.   

Properties in a common interest community such as condo's, townhouses and Plan Unit Development  (PUD'S) such as Aliente, Sun City, and Anthem and residential dwellings with governing HOA''s have increase work load due to having to deal with the HOA and/or other governing association.  Some Association do not directly work with the property management company and insist on working ONLY with the owner.  This makes our property management duties difficult, however, not impossible. 

Some association communities stigmatizes tenants in general and mandate tenant registration, and stricter compliance with governing rules and bylaws, therefore we charge a higher management fees for dwellings located in such communities.

Thank You for understanding.

*  Multi-Family dwellings (two or more units) and commercial properties have different rates.  Please inquire.

We do NOT charge any management fees during periods of vacancy!!!

Set-Up Fee  (Residential):

$300.00 (ONE TIME COST)     
(compare us to our competition!!!)  

For Initial set-up and administrative cost.  This is a one-time fee due at signing of the Property Management Agreement.

SET-UP FEE services include, but not limited to:

1.)   Provide owner with a complete analysis of their rental dwelling; insuring habitability concerns and the readiness of tenancy.
2.)   Determine rental rates; perform rental competitive marketing analysis (CMA), Assess rental market condition to properly determine the highest rental rate with the least amount of vacancy allowance.
3.)   Post and install company signs and other rental signs on the property to attract prospective tenants.
4.)   Install Lockbox on  the property for easier access by cooperating REALTORS, maintenance personel, and other vendors and other cooperating property managers including National Properties real estate agents during periods of vacancy .
5.)   Initiate state of Nevada mandated filing and accounting systems including Nevada required file set-up and record retention.
6.)   Perform leasing activities, including traveling to and from the subject property numerous times for the purposes of showing the property to prospective tenants.
7.)   Provide answering service about the subject property; Answering and returning the NUMEROUS phone calls that are received from prospective tenants requesting information about your rental dwelling.  We perform the time consuming task of aswering prospective tenants inquiries.
8.)   Travel to and from the managed property (No additional charges for costly trips back and forth to your property) for the purpose of the showing and viewing of the property to prospective tenants.
9.)   Provide for the initiation and coordination of cleaning, maintenance, utility personnel, and other personnel.  Also to perform an overall visual inspections
10.)   Take numerous pictures of your property;  For marketing purposes, security reasons, and proper record keeping.
11.)   SET-UP fee includes the tenant application, screening process, and initial tenant interview:
a.)   Background checks   b.)   Employment verification   c.)   Rental History checks
d.)   Credit report check   e.)   Criminal history check   f.)   We will also check other factors that may affect tenancy    g.) We then discuss the tenant qualification with the owner/landlord.  
12.)   SET-UP fee includes conducting a move-in conference with the tenant where the lease is explained, covered, and executed ( a very lengthy process) 
13.)   Upon expiration of the lease, review the rent and propose an increase where warranted.

14.)  We will handle all tenant concerns and/or questions. 
YOU GET TO ENJOY YOUR LIFE...

All of these time consuming tasks and very costly services
along with labor intensive duties for a mere $300.00 SET-UP fee

Leasing Fee:  

A deduction of One half (1/2) of the FIRST months rent
(a minimum deduction of $500.00 applies) 
Deducted from the tenant's first rent payment. 

We will heavily advertise your rental property with numerous advertising media that we have had success with.  Your property will have maximum exposure in the open rental market to minimize vacancy.  Since we do NOT charge during periods of vacancy, we insure that we work diligently to procure a tenant by spending lots of money advertising your rental.

NOTE:  An average landlord performing their own leasing duties spends about $130 per week on advertising their rental dwelling.  About $520.00 after only one-month of advertising.  This does not include answering the numerous inquiries from prospective tenants that result from their advertisement and the time consuming task of giving directions to the rental property and answering the numerous questions a prospective tenant ask and the trips back and forth to your property to show possible tenants.  Many owners have hired us for the primary reason that they could NOT accomodate the numerous feedback, showings and the time consuming duties involved that results with the advertisement feedback and the labor intensive task involved with leasing activities. 

Also, since we all value our time, inputing the ads to various newspaper and/or websites is a time consuming service that we do not charge our owners; for example, Craig's List is one of many free websites that we use, however, you still have to input your listing into their system which can be a time consuming task for most people.  Of course, the feedback from prospective tenant's requesting information regarding the rental property requires a commitment of time and patience which some people cannot give because of time constraint.

Even if your advertising is FREE, the follow-up phone calls and the labor intensive showings of your property is, by itself,  proves too much for some landlords.  The expense of the traveling back and forth to your property can prove to be challenging for some landlords, not to mention the price of gas for the trip charge.

Don't spend too much on leasing activities with your rental property, we only deduct one half of the first months rent, deducted after we procure a tenant for your property & the initial rent has been collected. 

Also, we do not charge any management fees during periods of vacancy.

Advertisement may include, but is not limited to:

1.)  Homes Illustrated® Magazine           
2.)  Craig's List website: www.CraigsList.net
3.)  National Properties Website:  www.NationalPropertiesLV.com
4.)  Home Rental Guide® Website: www.HomeRentalGuide.net
5.)  Clark County Rentals website: www.ClarkCountyRental.com
6.)  Rent Clicks website:  www.RentClicks.com
7.)  Rental Homes Plus
8.)  Hot Pads
9.)  Rent Marketer
10.)  Other advertising medium that the Manager deems appropriate

The diverse and high volume of advertisement that we conduct for your home assures that a minimum amount of vacancy time is incurred by your rental dwelling. 

We spend thousands of dollars every month advertising available rental properties in southern Nevada to maximize the marketing efforts of your property.

Other Marketing Options that will enhance and maximize the marketability of your rental dwelling (Helps shorten vacancy periods). 

MULTIPLE LISTING SERVICE (MLS)

Co-Op fee required to cooperating brokers,
(A minimum co-op agreement of $250.00 applies)

We will input your rental property into the:

     1.)  Multiple Listing Service (MLS) of the Greater Las Vegas Association of Realtors®          
      2.)  National Association of Realtors® website.

The owner will offer a cooperative fee (Co-op) to Southern Nevada Realtors® (Over 15,000 in the Las Vegas Valley alone) so that other real estate agents and property managers may show your home and eventually assist with the leasing and procure a tenant.  The co-op fee is the incentive that a real estate professionals receives for assisting and showing your property, the higher the co-op fee, the more likely that your property will be shown by participating Realtors® to ready and able tenants.

   Also, we will advertise internally with other Monarch Properties and National Properties, LLC real estate professionals allowing other Monarch Properties and National Properties real estate agents an incentive to show and eventually lease your home.  

      

RECAP

Enough with the jibber and jabber, What's it going to cost me?

SET-UP FEE:   $300.00

ADVERTISING FEE (If your property is vacant):               
A deduction of One half (1/2) of the first months rent
(A minimum charge of $500.00 applies) 
Collected after the the tenant has paid their initial rent.

MONTHLY MANAGEMENT FEE:    
      8% or 9% (depending on HOA)
      (minimum $100.00 charge)
  
MLS CO-OP FEE (if applicable):       
      minimum co-op amount of $250.00

No Reserve account required, thats $0.00

No Lease Renewal Fee charged, that's a big savings for the owner