INTRODUCTION

Trade Wind Investments is a licensed real estate brokerage and permitted property management company.  We enjoy acting as the intermediary between owner and tenants.  If you are looking for a company you can easily reach and communicate with, that keeps you insulated from the daily problems of property management, our services are what you’re looking for.  Through E-mails phone calls and statements we keep you informed of the status of your property.  Together as partners we will maximize your income, minimize expenses while keeping the property occupied and well maintained.  We personally promise you the best in professional real estate service.  For many years we have helped investors like you realize the strong financial rewards in the lucrative field of investment properties.  Each owner and property will receive individual attention and care that makes us unique.

OVERVIEW OF SERVICES

GETTING STARTED 
If you are not currently under contract with another property management or real estate company we can begin right away.  If you are currently under contract you will need to terminate their services according to your agreement with them.  We are happy to pick up keys, security deposits and necessary documents from the discontinued company.  At your request we will email or mail you a complete start up package.  Once you have completed all necessary forms and returned those to us we will get started.  If the house is vacant you will need to include advertising funds. We will also need a copy of your landlord tenant insurance policy for our records and you will need to add Trade Wind Investments as an additional insured on the policy, this will cost you no more money and that will guarantee that we receive renewals or cancellations notices in a timely fashion.

FEES 
Trade Wind charges no set up fee, but we do request advertising in advance.  Any unused advertising funds remain and your account, you are only charged on a weekly basis not a flat fee.  Management fee is 10% on all single family homes and town homes properties or 10% on all condominiums with a one-year lease.  There is a leasing commission paid by the owner after the property is rented (after rent and deposits have been paid) to the referring agent. Ask about our 6% Agency Management Agreement

ADVERTISING 
“Saturation Marketing” is our goal for your vacant property in all potential appropriate tenant markets.  Each tenant has their own way of locating a home to rent rather by driving around, using a real estate agent, or surfing the web, we find the largest majority of our rental calls which average five hundred or more per month are from signs and website traffic.   With our interactive website that profiles photographs of our available rentals, the review journal,  rental signs and brochures, the multiple listing service reaching over 37,000 licensed real estate agents, and Nellis Air Force Base advertising when requested.  Owners pay one price per week.  Advertising is requested paid in advance.  Complete advertising runs $50 per week, this price has remained the same for over 15 years.  Trade Wind has memberships to Greater Las Vegas Association of Realtors, National Association of Realtors, The Institution of Real Estate Management, The National Association of Residential Property Managers and the Las Vegas Chamber of Commerece to assist us in filling vacancies also. Trade Wind Investments has a Licensed Real Estate Agent and Permitted Property Manager available at all times to take rental calls.  We average over 400 calls per month inquiry about rentals in our office.

PETS 
The majority of families and singles have pets.  We prefer to advertise pets are negotiable, so that they will tell us about the pets when they apply instead of trying to sneak them in later.  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.  If damage exceeding the pet deposit occurs, we will hold funds from security and cleaning deposits. You are in no way required to accept pets, this is completely your decision and we will do our best to meet your requests.

SCREENING TENANTS 
We want good tenants as much as you do, it make our job that much more pleasant. It is our goal to obtain the highest qualified tenants.  We have defined a preferred tenant profile based on credit, employment and rental or ownership history.  A conscientious review of applicants current credit report will assure owner of timely rental payments. Trade Wind is directly linked to Expeians credit bureau’s database, we can access credit within one minute, twenty-four hours a day.  Verifying employment will assure owner that the tenant has means to the pay rent. We will also verify that the tenants rent does not exceed one third of their monthly income.  Talking with current and past landlords will assure owner tenants will maintain the property.  We make copies of all identification at time of application.  Tenants will be presented to you once Trade Wind has qualified them for your approval.  Trade Wind is a fair housing advocate and does not discriminate against any applicant or tenant based on race, creed, color, religion, national origin, handicap or family status. Tenants that do not meet the standards of our company can still be considered by the owner with extra precautions such as larger deposits taken and a waiver from the owner signed.

THE LEASE
Trade Wind has its own six page lease computerized for personalization, which is a compilation of local and state leases with additional clauses for the protection of the owner. This lease is continually updated and revised as laws and additional precautionary measures are established.  As most owners will agree we prefer securing a one-year lease.  To begin the lease tenants are invited to our office for a complete explanation of the lease and to sign.  The extra time we spend with the tenants explaining the terms of the lease has great pay offs.  It substantially reduces misunderstandings during the term of the contract.  It also gives us a chance to answer questions and concerns and to begin the landlord tenant relationship.  Starting off on the right foot is very important to us.  First months rent and all deposits must be paid in certified funds.  After that the tenant can write a personal check, if a tenant bounces a check they will not be able to write a personal check for one year.  We offer direct wire transfer service to our owners to receive their rent proceeds quickly, see the form link on the website, print, fill out, sign and return via fax to 702.247.9144.

SECURITY DEPOSITS 
As additional protection for you we require the security deposits in the form of certified funds before a property can be taken off the market.  Security deposits are based on the monthly rent with cleaning and pet deposit additional.  We offer all deposits as refundable, encouraging tenants to leave the property in good condition rather taking additional time making repairs and cleaning preparing the property to re-rent.  Complete instructions to the tenant are included in the lease and mailed again after proper notice to terminate the lease have been received.  This will instruct them on proper procedure for receiving full security deposit refund, within thirty days after move out as per Nevada law.  Proper notice and completion of lease term is a must to receiving security deposit refund.  Cleaning, including appliances, floors, walls, yard and carpets professionally cleaned are required minimum to prevent deductions from deposits.  Trade Wind will compare condition at move out to move in inspection sheet to determine all costs necessary to rectify any damages to property.  A complete security deposit disposition report will be completed and forwarded to tenant within thirty days of move out as required by Nevada law.

COLLECTIONS 
Because all tenants do not always pay everything they owe after move out, Trade Wind has established a collection service for owners.  This service is available on tenants that Trade Wind has placed in the property and has done the move out with.  There is a separate contract that is necessary for us to place the bad debt on the tenants Experian credit report.  This will hinder to some degree, the tenant from re-renting through another property Management Company or securing a mortgage etc., with a collection to a real estate company on their bureau. 

COLLECTING RENTS 
Rents are due on the 1^st day of each and every month.  Eviction proceedings begin on the 5^th of each month.  After the eviction process has begun rents must be paid with certified funds, no personal checks are accepted.

TENANT RETENTION  
Our most challenging job as a manager is not managing the property but managing the residents.  Good tenants are the key element to any successful rental property investment.  Keeping tenants happy to insure the longevity of the tenant’s occupancy is critical.  Friendly staff, availability and quick response to questions and maintenance request will satisfy a resident more than anything else we can do for them.  We ask our owners cooperation regarding tenant services whenever possible.

MAINTENANCE 
We understand your need as a landlord to be kept abreast of property condition both physically and financially. On emergency maintenance (after hours) will use our best judgment on making repairs over two hundred and fifty dollars  Emergency maintenance includes but is not limited to loss of air or heat, water damage, main drain stoppage or electrical problems. Many owners have a home warranty and request that we use that in order to make repairs and we are always our most diligent in doing this.  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.  Over the years we have assembled an excellent array of reasonably priced honest technicians for every area of repair your property may need. We have our own in house maintenance and cleaning crews which allow us to control scheduling, pricing and quality.  Our pre-qualified licensed repair technicians may change based on services and prices we are receiving.  Prompt attention to maintenance items keeps tenants smiling and prevents minor problems from turning into high dollar repairs later. Our management fee includes overseeing cleaning, carpet cleaning, painting,  garage door repair or installation, monthly landscaping, minor plumbing, minor electrical, monthly pool service and minor parts replacement, locksmith.  Any large remodeling jobs, insurance claims, jobs requiring bids, supervision and additional license and reference checking will an hourly fee, this will offset our staff cost to help you through these projects.  This fee is not charged for routine daily maintenance.  Per the lease agreement the tenant is responsible for any maintenance that is caused by them or their guests.  Tenants are responsible for sprinkler heads, glass breakage, repairs they have caused and owners are responsible for the operating systems of the home.

INSPECTIONS 
At the time of move in and move out there is a complete written inspection of the property with the tenant.  In addition to this we will visit the property once a year during the duration of the lease to photograph the property inside and out and write an evaluation report to inform you of any maintenance on the property needing attention there is a fee for this service.   Inspections may also be done on request.   

FINANCIAL STATEMENTS   
Our desire is to create a clear audit trail of all funds pertaining to each property.  All funds are held in a Nevada State Trust account per Nevada Law at Bank of America, security deposits are held in a separate trust account. These accounts are monitored by the Real Estate Division Department of Business and Industry.  An operating statement will be sent to you as soon as possible each and every month depending on the date the tenant pays the rent..  Our statements are easy to read and understand this really simplifies tax reporting at the end of the year.  Our service includes paying expenses you have on the property such as maintenance and repairs bills when applicable. Copies of all invoices paid will be attached to the monthly statement in the order they appear on the report.  At the end of the year, you will receive you final statement with year end totals and soon after a 1099.

ADDITIONAL SERVICES AVAILABLE 
Trade Wind is a full service real estate brokerage firm with referrals available.  Trade Wind specializes in investor funding placement, investment programs, acquisition and disposition of properties.  We have a complete sales, leasing and investment staff to help with any of your real estate needs.  We have several development projects you may inquiry about investing in.  The additional cost of these services are not included in the monthly management fee and individual prices would be established.

IF YOU DO NOT HAVE A REAL ESTATE SALES AGENT WE WILL BE HAPPY TO REFER YOU TO A AGENT WITHIN TRADE WIND

IF YOU HAVE BEEN REFERRED TO TRADE WIND BY ANOTHER REAL ESTATE SALES COMPANY WE SHALL ASK THAT YOU CONTINUE TO USE YOUR REFERRING COMPANY FOR ANY REAL ESTATE SALES NEEDS