Sierra Nevada Real Estate

Company Description

Sierra Nevada Real Estate operates in Northern Nevada. The Property Managemet
group is where ownrs go for outstanding service, results and the biggest return on
their investment.

Fees

Your bottom line is our focus. Set up – NO FEE Leasing commission – NO FEE – Fee when not occupied – NO FEE When rented – 10% of monthly rent.

Market Analysis

We will view the property and provide you with a comparable market analysis to assist you in determining a rental amount. Factors such as square footage, location, the number of bed and bath rooms, and other amenities establish fair market value in comparison to similar and recently rented homes.

Marketing

How are rentals marketed? Signs and flyers at the site. The internet. Photos. Listing of your property on the MLS, personal website and several other online
sources.

Pets

Many families and singles have pets. If you choose to allow pets, we will advertise: pets are negotiable. When we present the tenants to you for your approval, we will also tell you about the pet. Each pet will require an additional $250 deposit along with a pet agreement. If damage exceeding the pet deposit occurs, we will hold funds from security deposits. You are NOT REQUIRED to accept pets.

Screening Tenants

We review each tenant over the age of 18 based on credit, employment, and rental or ownership history. We make copies of all identification. As Federal Law dictates, we are a fair housing advocate and MUST NOT discriminate against any applicant or tenant based on race, color, religion, sex, national origin, handicap or familial status.

Rental Agreement

Sierra Nevada Real Estate uses the base of the lease/rental agreement provided by
the Reno Sparks Association of Realtors. After the applicants are fully screened, tenants are scheduled for an appointment with a property manger for a complete explanation of the lease and to obtain signatures. The time we spend explaining the terms of the lease is very important. It substantially reduces confusion during the term of the contract. It also gives us a chance to answer questions and concerns the tenant may have. The first month’s rent and all deposits are paid in certified funds. For the remaining months, the tenant can write a personal check. There are recourses for insufficient funds.

Security Deposits

As additional protection for you, we require a security deposits, in the form of certified funds, before a property can is taken off the market. Security deposits are based on the monthly rent with an additional pet deposit. We offer all deposits as refundable, encouraging tenants to leave the property in good condition. Proper notice and completion of the lease term is required in order to receive the security deposit refund. The tenants are responsible for cleaning, appliances, floors, walls, yards and carpets to prevent deductions from deposits. Sierra Nevada Real Estate will compare the condition at move out to the move in inspection sheet to determine all costs necessary to rectify any damages to the property that exceed normal wear and tear. A complete security deposit disposition report will be completed and forwarded to the tenant within thirty days of move out.

Collecting Rents

Rents are due o the 1st day of the month with no grace period. Late fees occur on the 2nd day of the month. Collections may begin on the 5th day of the month and may lead to possible eviction. After the eviction process has begun, rents must be paid with certified funds. Tenants are responsible for all eviction fees.

Your Monthly Statement

We create a clear audit trail of all funds pertaining to each property. All funds are in a Nevada State Trust Account as required by the Nevada Real Estate Division. Each month an operating statement and your check is sent to you. Our statements are easy to read and understand. This simplifies tax reporting at the end of the year. Our service includes paying expenses you have on the property such as maintenance and repair bills, when applicable. Copies of all invoices paid will be attached to the monthly statement.

Maintenance

When maintenance is required, we will contact you for instructions. If you prefer we handle routine maintenance without contacting you, we will make it part of our agreement. Emergency maintenance is required by law to be addressed within a specific period time. If we are unable to contact you, we will use our best judgment on making repairs over your authorized amount. Emergency maintenance includes, but is not limited to, loss of heat, water damage, main drain stoppage or electrical problems. Most emergency repairs can be fixed at the time of the service call; some require later bids and replacements such as heating and cooling systems. Our management fee includes overseeing minor repairs.

Insurance

We require you to maintain "Owner, landlord and tenant" insurance. This coverage will protect you, the resident, and us against a wide range of losses caused by unintentional hazard or unsafe conditions on your property. Your insurance company should have all this information. We also require Sierra Nevada Real Estate added to the insurance (this should not require additional fees) as additional insured. Your coverage must be at least $500,000.00.

Inspections

A full inspection of the property will be done by the tenant and property manager
at the time of move-in and move-out. in adddition to driving by the property for
exterior inspections during the term of he rental agreement. We schedule interior
inspections as determined.