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Category Archive : Rentals

Share Downtown

New Apartment Complex “shareDOWNTOWN” to Encourage Residents to Follow Healthier Lifestyles

LAS VEGAS, NV – shareDOWNTOWN, a new Las Vegas apartment complex which completion is expected in May 2020, will be offering a new and unique twist on the lifestyles of its tenants; a focus on healthy and active activity and is said to truly set the facility apart from the many other apartment buildings springing up in the region.

Currently under construction by Cherry Developments in the Arts District at Casino Center Drive and Colorado in the downtown are of Las Vegas, shareDOWNTOWN focuses on small, affordable apartments conveniently situated within a busy employment area, giving local workers a place to live within easy walking distance of their jobs.

The apartment complex, which will be four stories in height, will feature over 60-one bedroom units, which are being aimed at people who work at the many bars, clubs, restaurants and retail establishments that are in the area. The apartments are slated to be 480 square-feet in size, with a projected rent ranging from $1,100 to $1,300 per month.

But the truly unique draw of shareDOWNTOWN will be the emphasis placed upon physical fitness and health; reports say. Unlike the average apartment complex, which typically features gym or fitness facilities in one centralized location in the premises, shareDOWNTOWN will offer calisthenic exercise stations on each and every floor, allowing residents easy access to the equipment they need to adhere to a healthy and active lifestyle.

Eschewing complex machinery and equipment in favor of what the developer referred to as “an urban style workout,” shareDOWNTOWN’s exercise rooms primarily rely on body-weight exercise stations that will provide for a full-body workout making use of movements such as dips, pull-ups, push-ups, and more. Such exercises, the developer says, are effective, as they don’t rely on machines that can become “outdated” or bulky dumbbells and free weights. Instead, they merely utilize the tenant’s own body alone, which can have its own advantages when it comes to convenience and safety.

Rendering photo credit: shareDOWNTOWNLV on Facebook.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Air Bnb

City of Henderson Allows Lodging Service Airbnb to Operate, Establishes Rules and Guidelines for Hosts

LAS VEGAS, NV – Airbnb, Inc., an online marketplace for arranging or offering lodging, was recently approved for operation in Henderson, Nevada, with the Community Development manager laying out a series of rules and legal guidelines that participating residences must abide by in order to operate in the service.

San Francisco-based Airbnb has been steadily gaining in popularity over the years as a cheap and convenient platform for hosts to accommodate guests with short-term lodging and tourism-related activities by essentially renting out their couch or home to relative strangers. Much like ride-sharing services such as Uber and Lyft and the drivers they employ, Airbnb does not own any real estate listings, nor does it host events; instead, the service acts as a broker, receiving commissions from each booking.

Initially approved by the City of Henderson in mid-July of 2019; previously, short-term rentals where only allowed in commercial-tourist zoning areas, such as Lake Las Vegas. However, Henderson officials changed their stance on the issue after the City of Las Vegas made regulations governing short-term rentals far stricter. Seeing a potential money-making opportunity for Henderson – it’s estimated that the city could make as much as $370,000 annually with the introduction of Airbnb into the community – officials approved the move, albeit with a series of regulations of their own attached.

According to the City of Henderson, Airbnb’s are allowed to operate in residential areas within the limits of Henderson as long as they adhere to the following set of rules:

  1. The local Homeowners Association (HOA) approves, and the homeowner proves compliance with HOA rules.
  2. The owner of the property must take a class at the College of Southern Nevada (Cost: $250. Duration: 2 days in-class or 2 weeks online).
  3. Pay the City of Henderson an annual fee of $820.
  4. Pay a 13 percent monthly lodging tax.
  5. Install noise monitoring systems both inside and outside the home (via a company like Noise Aware).
  6. Notify all neighbors within 200 feet of the property (via certified mail) that the home is going to be an Airbnb.

Rentals can range from a complete home, a single bedroom, or even just crashing on someone’s house in a pull-out sofa bed.

The allure of allowing Airbnb to operate within Henderson is obvious when it comes to a cash-flow standpoint; the service has been generating significant revenue in other regions of Nevada for some time now. For example, in 2019 Nevada Airbnb hosts ‘as a whole’ earned $53.5 million from Memorial Day weekend through Labor Day, according to figures released by the company. In addition, Clark County Airbnb guest usage generated $36 million in a period spanning from May 25 to Sept. 2 that same year.

Another reason for Henderson’s approval of Airbnb is a potential remedy for the ongoing issue of the unauthorized renting of homes in the area; in addition, officials have announced that they will be working with an outside company that will monitor rental websites – utilizing advanced compliance software – for local homeowners who are violating rental ordnances; those who do may face fines of $500 a day that the property is rented. Instances of holding a party or wedding, or operating with a suspended license, will also incur a $500 a day fine.

Clearly, Airbnb is a very popular service, and the government officials of Henderson – faced with the dollar amounts other areas of Nevada have seen an influx of recently in conjunction with the short-term lodging service – found it was in the city’s best interests to get in on the action themselves.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Buildings

Las Vegas Apartment Rents Still on the Rise, but Starting to Stabilize

LAS VEGAS, NV – The Las Vegas real estate scene has been on an upward trajectory ever since the recovery of the recession, and the apartment scene has been no exception. With more and more businesses calling Vegas home as the economy has improved rapidly, more and more people have been picking up and moving there in search of job opportunities, and apartments offering a fast and less expensive alternative to houses for single people or new families just starting out.

Until recently, given the rapid growth of Vegas real estate, housing prices – including apartments – have been steadily on the rise, igniting affordability concerns in many; however, according to the Nevada State Apartment Association, Vegas apartment rents, while still rising, are nonetheless doing so more slowly than in recent months and years past.

Based on reports, the average rent in Las Vegas towards the end of 2019 was $1,080 per month, which represents a 4.5 percent increase over the same period one year prior; in contrast, the rent growth from 2018 to 2017 was 7.4 percent. In addition, late 2019 saw an apartment vacancy rate of 6.5 percent, a drop of .3 percent from 2018 and an increase of 11 percent from the depths of the recession era.

Clearly, according to these figures, apartment vacancy rates are declining, and rents are increasing, albeit more slowly than in recent years. Part of the slowing in rent increases can be attributed to the current market inventory; responding to demand, with developers constructing more apartments, with over 12,000 going up in early 2015, and over 2,100 built in 2019. Additionally, reports note that the new 3,800 are slated to go up in 2020, with many of them to be located near the famed Las Vegas Strip, as well as along the I-215 Beltway adjacent to Henderson, Summerlin and the southwest valley.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Eviction Notice Redacted

Las Vegas Evictions Down Following Passing of New “Tenant Protection” Laws – Still Expected to Rise in 2020

LAS VEGAS, NV – According to recent reports, a law focusing on “tenant rights” in Las Vegas passed in 2019 has already resulted in a marked decrease in the number of evictions filed by landlords and property managers for the first time in ten years. In 2019, approximately 30,000 summary eviction cases were filed in Las Vegas Justice Court, which represents a 7 percent decrease from the prior year and the lowest number since 2016. Senate Bill 151 (SD 151) – legislation that increased the amount of time a tenant had to pay overdue rent from five to seven business days, in addition to offering other protections –  was signed into law in July 2019, and that same month’s records indicate an immediate impact – July’s evictions alone dropped 30 percent compared to the same period in 2018.

However, in contrast, more evictions were filed in December 2019 than the previous December, with numbers expected to continue to rise in 2020, experts say. Judging by those statistics, some could argue that SB 151 – even with the extra leeway it gives tenants – is merely delaying the inevitable and hurting landlords in the process, as opposed to helping hard-working people in their time of need.

The most significant aspects of SB 151 are a 5 percent cap on late fees when it comes to overdue monthly rent; tenants are now given up to 5 days to re-enter a vacated home or apartment in order to retrieve what the bill refers to as “essential personal effects” before they are permanently locked out; and an increase of the approved “pay or quit” eviction notice time period from five days to seven. In addition, landlords can no longer serve an eviction notice themselves; now, only a sheriff, constable, or licensed process server may do so.

SB 151 has proven deeply unpopular with landlords and property management companies, who claim that the law is essentially taking money out of their pockets while allowing disreputable tenants to “game the system” and further put off paying their rent on-time. In contrast, others – including the Nevada Coalition of Legal Service Providers – have applauded the bill, claiming that it is leading to less strain on courts and allows people to stay in their homes.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Millennial

Vacation and Home Rental Scams Targeting Millennials, According to Better Business Bureau

LAS VEGAS, NV – Looking to rent a lavish home in Las Vegas – or elsewhere – for a quick getaway? Well, you’d better think twice about any property that you may currently have your eyes on, lest you get separated from your cash with nothing to show for it. According to the Better Business Bureau (BBB), many other age groups – but in particular, Millennials – are being targeted by scams in relation to the rental of housing for either living or vacationing purposes.

Scammers typically attempt to lure in unsuspecting renters with promises of low prices, lush and luxurious extras, or top-notch locations – or a combination of all three at once – and renters, especially Millennials, are urged by the BBB to look carefully before they plunk down their dough, and the number of fraudulent listings out there looking to separate people from their hard-earned money number in the millions, according to reports.

According to the BBB, there are a number of tell-tale signs that a listing may be predatory in nature. The main one is if the owner is not available to show a property in-person, typically due to a “family emergency” out of town, for example. More signs include demands for a deposit and the first month’s rent paid in advance – before even setting foot on the property. Those who are easily-duped may find themselves arriving at their dream vacation destination – such as Las Vegas – without anywhere to stay.  

To date, five million people have fallen prey to this scam, the BBB notes, with many people being especially susceptible due to the fact that the prices are usually a bargain renters don’t want to pass up. The average loss comes in at approximately $900, which is hardly a fortune, but still a significant loss for many working-class people.

The BBB recommends that travelers only use credited sites such as HomeAway, AirBnB and VRBO when making rental lodging arrangements – while avoiding websites such as Craigslist – and to vet any properties that they may be interested in to ensure that they in-fact – exist, and that those claiming to be their owners are the real deal. Another tell-tale signs of a scam is when payment is requested up-front via Western Union, Money Gram, a gift card, or a bank-to-bank wire transfer.

There’s countless scammers out there looking to separate you from your money; if you’re careful, you can avoid them.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Las Vegas Sign

Dallas Real Estate Firm Purchases $345 Million in Las Vegas Apartment Properties

LAS VEGAS, NV – NexPoint Residential Trust, a real estate firm based in Dallas, Texas, recently made a huge purchase of Las Vegas rental properties to the tune of $345 Million, signifying the group’s desire to get in on the Southern Nevada apartment scene in a big way.

NexPoint acquired four apartment complexes recently- the 528-unit Bloom, the 320-unit Bella Solara, the 315-unit Torreyana, and – through a related party – the 360-unit Elysian at Flamingo, all of which are located in the western Las Vegas Valley. The first three properties were purchased from the Bascom Group and Oaktree Capital Management, whereas the fourth was purchased from the Calida Group, reports say.

This buying spree comes amid a record period of growth for the Las Vegas rental market; following a housing shortage in recent years due to a rapidly-expanding economy and recovery of the local real estate market after a decade of stagnation, developers have surged in the last year, building numerous apartment complexes as a solution to the shortage. 

But regardless of the increase of availability in the rental market, tenants have been forced to contend with a general lack of vacancies and increasing rent prices, creating real concerns regarding affordability. 
According to reports from Moody’s, the average rent for an apartment in Las Vegas in the third quarter of 2019 was $1,138, which represents an increase of 5.2 percent from the same period of time in 2018; the average growth rate for the United States overall in that same time period was 4.1 percent. However, recent reports have indicated that some degree of stability has been occurring in the Las Vegas market due to the increase in rental units, due to the diligence of construction developers.

According to their website, NexPoint Residential Trust is an externally advised, publicly traded, Real Estate Investment Trust, focused on the acquisition, asset management, and disposition of multifamily assets, located primarily in the Southeast United States and Texas. The company pursues investments in class A and B multifamily real estate property, typically with a value-add component, where they can invest capital to provide “life style” amenities to “work force” housing.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Sandpiper Apartments

Sandpiper Apartments, One of Las Vegas’ Largest Multifamily Properties, Sells at $66M

LAS VEGAS, NV – According to recent reports, Sandpiper Apartments, one of the largest multifamily rental properties in Las Vegas, has been sold in an off-market transaction for a whopping $66 million.

The 488-unit community, located at 4650 W. Oakley Boulevard, was sold by previous California-based owners Apple Management to Compass Acquisition Partners, a private real estate investment company. Sandpiper Apartments is comprised of 61 two-story buildings situated on 20.1 acres of property and, according to a release put out by Compass CEO Lynn Owen, ideally located within a busy mix of employment and entertainment outlets.

“Sandpiper Apartments offers a substantial and irreplaceable asset in the heart of Las Vegas,” she said. “The property is convenient to employment centers, major area thoroughfares and surrounded by a mix of shopping, dining and entertainment options. These are all attributes that align with our investment criteria.”

Sandpiper Apartments was originally constructed in 1988, and features a number of amenities for residents, including three pools, a gym, tennis courts, and a club house. Apartments range from one or two bedroom units with an average size of 950 square feet.

A number of upgrades are in the ‘pipeline’ for the Sandpiper, Compass reps noted, including a $7.5 million investment to a number of its apartments, such as enhancing kitchens with modern amenities, granite countertops and stainless steel appliances, as well as installing wood flooring. The gym, pools, and club house are also up for enhancements, as is the general property, including the addition of dog parks, sports facilities, and picnic areas. Environmentally-conscious landscaping options are also being discussed.

Compass CEO Lynn Owen noted that there is currently a very high demand for quality housing options in the Las Vegas region.

“Las Vegas is thriving with multiple new commercial developments and new businesses moving to the area propelling job growth,” she said. “There is strong demand for multifamily housing as developers have avoided the overbuilding of past cycles, another factor that contributed to our interest in the market.”

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Las Vegas Grand

Las Vegas Grand Apartment Complex Sells to California Investor for $47.6M

LAS VEGAS, NV – According to recent reports, developer Joseph Daneshgar – founder of California-based 3D Investments – has purchased a luxury condominium complex located in the vicinity of the Las Vegas Strip for a whopping $47.6 million.

The Las Vegas Grand, a 212-unit building located at 818 East Flamingo Road, is among several Las Vegas-based real estate acquisitions made by Daneshgar as of late; in February, he purchased approximately 60 acres of property – the majority of it undeveloped – at Harmon Avenue and Koval Lane for $130 million, in addition to a luxury condo complex adjacent to the Las Vegas Strip, the Boca Raton, for $44 million in 2018.

The Las Vegas Grand is among several Vegas-based acquisitions made by developer Joseph Daneshgar – founder of California-based 3D Investments; in February, he purchased approximately 60 acres of property at Harmon Avenue and Koval Lane for $130 million, in addition to a luxury condo complex adjacent to the Las Vegas Strip.

A high-end property with 96 percent of its units already leased, the Las Vegas Grand features a pool, tennis and basketball courts, and a private parking garage. The complex is located within close proximity to all of the glitz and glamour of Vegas Boulevard, which is obviously an attractive aspect that is sure to keep it packed to capacity at all times.

In recent years, developers and real estate experts have been snapping up apartments and condos in the Las Vegas area due to the high demand for housing from new transplants in the region, which has served to drive up rents while reducing the amount of rental units available on the market.

The Las Vegas Grand was constructed in the early 2000’s by developer Christopher DelGuidice; the project hit trouble with the advent of the 2005 recession, and the property went into foreclosure in 2007. Envisioned as a grand five-building complex but only realized as one building, the Las Vegas Grand rode out the challenges brought about by the recession and finally opened for tenants roughly 10 years ago. The company that Daneshgar purchased it from had acquired the property in 2012.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Apartment Complex

Developer Building Currently Un-Named Luxury Apartment Complex Off Las Vegas Strip

LAS VEGAS, NV – According to reports, construction on a new upscale apartment complex is currently underway adjacent to the Wyndham Desert Blue timeshare tower located west of the famed Las Vegas Strip.

The project – the first apartment complex being constructed in close proximity to the La Vegas Strip in 25 years – is slated to offer a number of posh amenities for tenants, including a dog park, sky lounge, and a yoga studio, among others. File photo: Pixabay.

The project, currently without an official name and headed up by developer Fore Property Co., is taking the form of building 287 luxury apartments, with the first grouping of units being made available for rent by December 2020; the project as a whole is expected to be completed in April 2021, reports say.

The project – the first apartment complex being constructed in close proximity to the La Vegas Strip in 25 years – is slated to offer a number of posh amenities for tenants, including a dog park, sky lounge, and a yoga studio, among others. The facility closeness to the Strip will offer tenants easy access to local attractions, entertainment, and employment, which will most likely make the complex very attractive to prospective tenants.

However, such accommodations may put a dent in your wallet; according to Fore Property Co., rents are expected to range from $1,400 to approximately $3,000 per month. However, similarly-priced units at other apartment complexes built in the Las Vegas region by Fore have been snapped up by tenants in the past, illustrating the desire for high-class accommodations by select members of the public.

In recent years, in order to meet demand for housing options in light of the rapidly-expanding population of Las Vegas due to the economic upturn – developers have been constructing apartment complexes in areas previously having few. Examples include Fremont9 in Vegas’ downtown and the currently in development shareDOWNTOWN in the Arts District. In addition, Fore has noted their interest in another potential apartment complex in Chinatown.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Nevada Eviction Notice

Are New Las Vegas Eviction Laws Unfair to Landlords?

LAS VEGAS, NV – In a recent opinion piece published by Edward Kania, the Southern Nevada Eviction Services president argued that recent new laws governing the Nevada eviction process are ultimately unfair to landlords, placing undue stress and hardship upon them in the event that a tenant fails to pay their rent or live up to the responsibilities of their lease. While opinions are very much divided on this issue, Kania made several points that served to illustrate how landlords are set to be affected – in a negative way – by this new law.

With all of the tenant safeguards now available, often an individual can delay eviction for weeks or even months; all the while, the landlord – who is only trying to pay their bills – is the one experiencing the financial strain of that situation in the form of unpaid rent, not the tenant.

The law Kania refers to is Senate Bill 151, which kicked in on July 1, 2019; the law increases protections for those renting properties by granting more time to tenants before they are able to be evicted by landlords for lack of payment on their rent, as well as capping late fees at five percent for delinquent rent payments. In addition, more time is granted to tenants to pay their overdue rent – seven business days, as opposed to the previous five – to avoid eviction. Evicted tenants are also allowed to re-enter their former dwelling for up to five days to retrieve “essential” belongings they may have left behind.

Kania notes that the new law essentially portrays landlords as “villains” simply for expecting to have their lease agreements complied with and their rent paid in a timely manner – something the tenant agreed to do upon moving into the unit, he said.

The new – and some would argue, excessive – leeway that tenants receive under the Bill essentially forces landlords into an unfair position, Kania said.

Landlords are not tenants’ parents,” he said. “They are not their means of support nor spouse nor friend nor charity. Neither Target nor supermarkets are required to provide free services. Why, then, are landlords?”

Kania also argues that tenants are automatically guaranteed a hearing after they receive a notice regarding delinquent rent, even if they have no defense whatsoever for not paying. With all of the tenant safeguards now available, often an individual can delay eviction for weeks or even months; all the while, the landlord – who is only trying to pay their bills – is the one experiencing the financial strain of that situation in the form of unpaid rent, not the tenant.

“New eviction laws…make the eviction process harder for landlords and easier for tenants,” Kania concluded. “These new laws help renters who don’t comply with their leases, but will likely lead to higher rents and security deposits, shorter rent due dates and higher mandatory credit score levels for everyone else.”

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Sam Cherry

Downtown Las Vegas to See Construction of shareDOWNTOWN Apartment Complex

LAS VEGAS, NV – Cherry Developments, owned by developer Sam Cherry, announced this week that a new apartment complex – dubbed ‘shareDOWNTOWN’ – will soon be constructed in downtown Las Vegas, located at Casino Center Drive and Colorado, according to reports.

The idea of shareDOWNTOWN – small, affordable apartments conveniently located within a busy employment area – is to give workers a local place to live within easy walking distance of their jobs, according to Cherry.

“This area has a diverse group of restaurants and bars, and this will be the first larger project — the largest project in the area,” he said in a statement. “It will be a place where people who work in the bar, work in the restaurants, the hair salon, the galleries can actually live. They can walk to work. It will help move the needle significantly in the neighborhood.”

The apartment complex, which will be three-four stories in height, will feature over 60-one bedroom units aimed at people who work at the many bars, clubs, restaurants and retail establishments that are in the area. The apartments are slated to be small, just 480 square-feet in size, with a projected rent ranging from $1,100 to $1,300 per month, reports note.

Cherry Developments noted that shareDOWNTOWN is slated to be the first in a series of apartment complexes located in the Las Vegas downtown region that target the people who work locally in an attempt to provide quality housing and promote job growth.

Overall plans for the shareDOWNTOWN project, including the approximate start date for construction and proposed amenities, are due to be revealed soon; once started, the development is expected to be finished by in May of 2020.

Developer Sam Cherry was previously known for construction of high-rise complexes prior to the mid-2000’s burst of the housing bubble in Las Vegas;  shareDOWNTOWN represents the first development project he has worked on since that period.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

4 Bedroom Serene Park

California-Based American Homes 4 Rent Gets in on Las Vegas Rental Market

LAS VEGAS, NV – American Homes 4 Rent®, a California-based company that renovates and leases single-family homes (it already owns over such 1,000 homes in Las Vegas alone) has made the move to up its game in Southern Nevada, announcing recently that they would be constructing rental homes from Vegas, a move they have already pulled off in 14 other markets, according to reports.

An architectural rendering of a 4 bedroom, 3 bath home with 2255 square feet of living space in Serene Park by American Homes 4 Rent. Photo also by American Homes 4 Rent.

American Homes 4 Rent was established in 2012, and is one of the first large public companies to begin investing heavily in single-family homes, following the entry of The Blackstone Group into the field; as of 2018, it owned over 51,200 single-family homes in 21 states, many of which were acquired through the Multiple Listing Service and foreclosure homes via auction. 

According to Clark County records, American Homes 4 Rent recently applied for 14 new home permits, the first time they have done so in the Las Vegas area, located in multiple plots of land that the company purchased in 2018. These permits are intended to make up a community the company is designing that will be named Serene Park in the southwest valley, according to reports. Once completed, the community will consist of a total of 21 single-family homes, all of which will be designed for long-term rentals and will range from 2,000 to 2,200 square feet in size.

The current slate of homes that American Homes 4 Rent already has on the rental market in Vegas range in price from $1,200 to $2,600 per month. The company has stated to media that the expansion into home construction – as opposed to just purchasing existing homes – came about due to an opportunity to build for approximately the same cost as acquiring structures that are already made, resulting in higher-quality rentals.

Once completed, the rent is expected be approximately $1,795 a month for a three-bedroom house and $1,950 a month for a four-bedroom house.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.