Why Las Vegas Is The Right Market
It should be no surprise to hear that Las Vegas is an excellent housing market to invest in. Investors are receiving top-dollar rents after minimal days on the market. Nevada boasts over 3 million people and continues to have one of the strongest growth rates in the country. Clark County is home to nearly 75% of Nevada’s 3+ million residents with almost half of those households choosing to rent.
The unique job opportunities, sunny weather, and abundant activities for all ages make the Las Vegas area an attractive place for many individuals and families to call home. Las Vegas is one of the top travel destinations. Being the Entertainment Capital of the World creates a lot of unique job opportunities. A large amount of families and individuals have flocked (and continue to flock) to the Las Vegas area seeking work. As they move to a new city, one of the first things they need is a place to call home – usually a rental home. Rental homes are in high demand in the Las Vegas area, resulting in increased monthly rent amounts that continue to edge-up. Until recently, the Las Vegas area lacked in one area, professional sports. But now, it is home to the NHL’s Vegas Golden Knights, the AHL’s Henderson Silver Knights, the NFL’s Las Vegas Raiders, the WNBA’s Las Vegas Aces, the MiLB’s Las Vegas Aviators, and the USLC’s Las Vegas Lights FC. The continued growth of professional and semi-professional sports is another factor to thank for the influx of new residents.
Investing in real estate markets is not created equal. One advantage of investing in the Las Vegas market is the lower-than-average property taxes. A lot of hot real estate markets are located in areas with high property taxes. Nevada boasts one of the lowest property tax rates in the country, helping keep your monthly costs down. Additionally, on average, homes in Nevada are much newer than other states.
Typically, newer homes require less maintenance overall. Lower property taxes and less maintenance are just two advantages of purchasing an investment property in the Las Vegas area. Lower costs equate to a better return on investment.
Entrusting your investment property to a reputable property management company is one of the first steps in maximizing your return on investment. Shelter Realty is a full-service real estate and property management company that will assist you from start to finish. One of the most important aspects of purchasing a rental home is actually finding a home that is desirable to the majority of renters. By using Shelter Realty to assist you in the home buying process, we will assist you in finding investment properties that will maximize your cash flow. We manage a diverse portfolio of over 600 properties all over the Las Vegas valley, making us experts in knowing what areas, floor plans, and types of properties renters are looking for. Additionally, we can provide you a very good estimate of what rent amount to expect per month on any given home, how long to expect the vacancy period to be, and recommend upgrades (if any) to help maximize the rental amount you could receive. Whether you are purchasing a $100,000 investment property or a $1,000,000 investment property, Shelter Realty is here to help.
Once you have acquired the investment property, it’s time to yield the highest return. Shelter Realty provides full property management services through our property management division. Our property management department is run by well-equipped, knowledgeable employees that provide the following services:
- A complete rental property digital marketing campaign to ensure your property is vacant for the least amount of time possible
- A detailed tenant screening process to ensure we obtain the most qualified applicant for your investment home
- Thorough property inspections that include very comprehensive, fully digital move-in and move-out reports with hundreds of pictures
- Full service maintenance management 24/7 to ensure repairs are handled in a timely manner and completed with care
- Accounting and online payment services to ensure that our tenants and landlords can login to view their accounts, pay rent, receive payments and pay bills anytime
With over 19 years experience as a full-service real estate and property management company, we have built a capable and experienced team of sales agents, residential property managers, leasing agents, licensed vendors, accountants, bookkeepers, attorneys, and more. We pride ourselves in earning the trust and respect of our clients to create clients for life! If you have any questions or are interested in additional information regarding investment properties in the Las Vegas area, feel free to give us a call at 702.376.7379 or email firstname.lastname@example.org.