Originally Posted by lazycash

10% is the standard rate for property management in Vegas. They will market, process and approve the tenant, collect rent, field all complaints, work with contractors to fix any issues and pass along excess maintenance costs that arise to the owner. You're right that excess maintenance costs could eat up a chunk of the profits, but many of these foreclosure/short sale deals in Vegas are for houses under 5 yrs old, so the likelihood of major work being needed is rare.