Emailed questions from Property Management Pros
As anyone who has ever attended one of my property management classes knows, I welcome questions from the property management community in Nevada, and elsewhere. No, I don’t give legal advice, but I enjoy answering practical questions about the landlord/tenant business, fair housing, rental agreements, management contracts, policies and procedures, risk reduction, and other issues important to our industry. Whenever I do this, I learn something new.
This morning, it occurred to me that, if one person is asking, there may be ten with the same question who are not asking. Odds are, they’ll benefit from the information shared in these email exchanges, too. So, with that in mind, here’s a sampling of questions recently emailed to me, and my responses.
QUESTION: “The way I understand NRS 118A.242, I am allowed to collect a deposit that doesn’t exceed 3 months’ rent. Does this amount include the first month’s rent?” Continue reading