Trending...
- New Book Warring From the Standpoint of the Throne Room Calls Believers to Pray From Victory
- The "Unsexy" Business Quietly Creating 130+ New Entrepreneurs Across America — From Alaska to Puerto Rico
- Peccioli Becomes New Orleans: In July 2026, the magic of jazz comes to Tuscany
LAS VEGAS - illiNews -- 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 illi 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 illi 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 illi News
- Carlsbad Hotel Named Best of La Quinta Award Winner
- Scoop Social Co. Launches a New Era of Mobile Hospitality — One Truck, Two Experiences
- Record Sales Growth After Strategic Acquisitions; New Distribution Agreements for Established Premium Cigar Supplier: Green Leaf Innovations $GRLF
- R2 Copilot Addresses Critical Privacy Issues as Enterprise AI Spending and Security Incidents Rise
- Innovative Environmental Technologies Unveils New Website Featuring Free AI Tools for the Environmental Industry
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 illi News
- CCHR Warns: Psychiatric Diagnoses Without Biological Proof Now Used to Justify Euthanasia
- Impact Filtration Appoints Alejandro Sturniolo as Head of Sustainability to Engineer High-Performance, Water-Positive Infrastructure
- Hedge Funds Benchmark Against Tickeron AI After Platform Posts 129% Annualized Return Amid Tariff Volatility
- NAWLA Members Approve Bylaws Amendments With Strong Support
- Naperville: Annual Arbor Day Tree Sale Begins Online at 8 a.m. March 23
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
0 Comments
Latest on illi News
- New partnership bringing trauma-informed libraries to vulnerable children
- Training Lofts Launches $1,099 Unlimited Training Membership Featuring Semi-Private Coaching, Nutrition Support, and Recovery Services
- Naperville and Aurora Joint Release: North Aurora Road Closure between Pennsbury Lane & Frontenac Road Starts March 31
- American Properties Realty, Inc. Leadership Attends NAHB International Builders' Show in Florida
- Mayor Brandon Johnson Announces 2nd Annual Chicago River Swim Following Historic First Year, Establishing New Civic Tradition
- $317M Revenue and a Clear Path to $1B: $IQST is Positioned for a Major Profitability Inflection
- Jones Software Corp Expands AI Skilling Through Microsoft Commercial Marketplace with Global Deliver
- ASI Hosts 2026 Executive Business Summit for Global Partner Community
- Pastor Saeed Abedini Releases THE TRUTH – Volume 1, A Deeply Personal Story of Faith, Struggle, and Redemption
- New Book Warring From the Standpoint of the Throne Room Calls Believers to Pray From Victory
- Scotch Whisky Market Dislocation Creates Compelling Entry Opportunity for Long-Term Investors
- Peccioli Becomes New Orleans: In July 2026, the magic of jazz comes to Tuscany
- $6 Million Funding Secured as Retail Expansion, Operational Streamlining, and Asset-Light Strategy Position the Company for Accelerated Growth $SOWG
- The "Unsexy" Business Quietly Creating 130+ New Entrepreneurs Across America — From Alaska to Puerto Rico
- Veteran Launches GTG Energy: Nicotine-Free Pouch as Americans Rethink Addiction, Focus, and What Fuels Performance
- Midwest Microbrew Spotlights Nik and Ivy Brewing's Community Craft
- RecallSentry™ App Launch — Your Home Safety Hub — Free on iOS & Android
- Award-Winning Director Crystal J. Huang's Under-$50K Film "The Ritual House" Wins Best Horror Feature at Golden State Film Festival
- Grads aren't getting hired — here's what we're doing about it
- K2 Integrity Enhances Technology Capabilities Through Acquisition of Leviathan Security Group