Las Vegas Real Estate News
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Increasingly tight market tougher on Southern Nevada homebuyers
Summer usually ushers in prime homebuying season in Southern Nevada, but that could change drastically in 2017. A severe housing shortage continues to befall the …
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Home prices keep rising amid ‘housing shortage’ in Southern Nevada
Local home prices continued to climb in April as Southern Nevada now has less than a two-month supply of homes available for sale, according to …
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I cannot emphasize enough on how important it is to get on this train. Commercial is at an all time low and excpected to burst. If you can scrape up at least $800k, I recommend mom and pop strip malls on the East Side.
Airbnb jury still out on this.
In the recent months, we have been managing Airbnbs and actually have one of our own right now. Preliminary numbers indicate significant returns. For example, our property in North Las Vegas with a pool rented for $1200/month. In June we will earn about $3,000. We have been reluctant to pitch this to investors for 4 reasons:
- We do not have several months of data to demonstrate to investors that these are profitable.
- We are still working on systems for furnishing and move outs.
- Las Vegas City council is introducing more legislation to restrict short term rentals.
- North Las Vegas and Henderson are still undecided.
I will keep updating this section every month.
This week’s SFR recommendations
This weeks’ Commercial Recommendation.
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Strip Center Las Vegas, NV Community Strip Center. New roof and new asphalt. There are a lot of vacancies due to poor management. Easy fix. Here is the video. |
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This book was written to help other property managers and brokers live a comfortable balanced life. While most of the concepts and tips are applicable to folks who want to manage their own properties, the majority of the content is for business owners. This book also applies to small and large operations.
