LAS VEGAS, NV – On Tuesday, Trump signed an executive order that bars Wall Street-backed investors from purchasing and owning single-family homes, a part of his stated efforts to address affordability issues in the United States.

Buying and owning a home has long been considered the pinnacle of the American dream and a way for families to invest and build lifetime wealth,” the text in Trump’s order reads. “But because of the recent high inflation and interest rates caused by the previous administration, that American dream has been increasingly out of reach for too many of our citizens, especially first-time homebuyers.”

The President had called for such a ban earlier this month in a post he made to his Truth Social platform.

Trump’s executive order noted that “large institutional investors” – the exact definition of which will be developed by Treasury Secretary Scott Bessent within 30 days, in addition to the term “single-family home” – have created unfair completion with “hardworking young families” by gobbling up a “growing share” of the country’s housing stock.

Neighborhoods and communities once controlled by middle-class American families are now run by faraway corporate interests,” Trump said. “People live in homes, not corporations.  My Administration will take decisive action to stop Wall Street from treating America’s neighborhoods like a trading floor and empower American families to own their homes.”

Members of the President’s Cabinet – in addition to Attorney General Pam Bondi and Federal Trade Commission Chair Andrew Ferguson – will develop official guidelines to prevent “providing for, approving, insuring, guaranteeing, securitizing, or facilitating the acquisition by large institutional investors” of single-family homes.

Corporate investors have been buying larger and larger amounts of homes in the United States in recent years, the majority of which being then used as rental units; this has had the effect of destabilizing the homebuying market, often pricing middle-class families out, experts say.  

Shelter Realty Property Management specializes in the areas of Henderson, Las 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, NV – Las week, Donald Trump turned heads nationwide when he proposed a ban on corporate investors purchasing single-family homes in response to the current affordability crisis facing many families hoping for homeownership in recent years.

For a very long time, buying and owning a home was considered the pinnacle of the American Dream,” Trump said last week in a post on his Truth Social platform. “It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans.”

It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it,” the post continued. “People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.”

And while such activity has impacted the residential real estate market to wildly varying degrees across the country – entities owning 100 or more properties account for just one percent of overall single-family housing stock nationally; it has been felt to a much more disproportionate degree in areas such as Southern Nevada.

Following the end of the mid-2000’s recession, nearly 500,000 homes have been purchased in the Las Vegas Valley by investors, with a recent study conducted by the University of Nevada, Las Vegas (UNLV) noting that this group – made up of mainly of Wall Street-backed companies – could own as much as 15 percent of all homes in the valley; that number increases to up to 25 percent in North Las Vegas, the report says.

Nevada real estate agents, experts, and lawmakers have reacted to Trump’s calls for an investor ban, saying that it would represent a potential “paradigm shift” if it were to take place.

It is past time that we ban large institutional investors from buying up our housing stock and driving up prices for families,” U.S. Rep. Dina Titus (D-Nevada) said in a post on X, formerly known as Twitter. “I have been pushing for this at the federal level for years and recently testified before the Nevada State Legislature about my work on this issue. Let’s get this done.”

I’ve been sounding the alarm for months as Wall Street drives up housing costs for Nevada families. If the President is serious about addressing this crisis, the solution is already on the table,” said U.S. Rep. Steven Horsford (D-Nevada) on X.

It’s about time someone tried to do something,” said Las Vegas-area real estate agent Steve Hawks. “Hopefully now this puts more of a spotlight onto what’s going on, and Vegas has been hit the hardest by these hedge funds and corporate landlords.”

Director of UNLV’s Lied Center for Real Estate, Shawn McCoy, said that more research is needed in order to access how much impact corporate investment is affecting the affordability concerns currently plaguing the overall national housing market; however, he confirmed that Southern Nevada is indeed one of the hardest-hit in that regard in the entire country.

It remains difficult to distinguish between the small local investors from larger corporate buyers. As a result, housing researchers do not have a complete picture of the true extent of large-scale corporate ownership. And that distinction is critical when evaluating policy to restrict certain portions of investor purchases,” he said. “Las Vegas is a standout, investor activity in Las Vegas exceeds the national average and our report ranked Las Vegas amongst the top three metros in the country.”

Shelter Realty Property Management specializes in the areas of Henderson, Las 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, NV – In response to ongoing home affordability issues in the United States fueled by large, Wall Street-backed investors snapping up houses in large numbers across the nation to use as rentals, President Donald Trump announced that his administration will attempt to ban such activity going forward.

On Trump’s social media platform, Truth Social, the Republican president outlined his plan to work with Congress on preventing corporate investors from further entrenching themselves into the residential real estate market – while also taking shots at his predecessor, Joe Biden, and the Democratic Party – and said that he would further speak on the matter at the Davos World Economic Forum in Switzerland later this month.

For a very long time, buying and owning a home was considered the pinnacle of the American Dream,” Trump said in his Truth Social post. “It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans.”

Trump called upon the assistance on Congress in making the corporate ban into law in order to help make housing more affordable for Americans, and noted that he would be revealing further housing proposals at the upcoming World Economic Forum.

It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it,” he said. “People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.”

Prices of homes jumped to record-highs during COVID-19; since the end of the pandemic, costs have lowered but nonetheless remain above the norm – as have mortgage rates – with the median sale price of a single-family home in 2025 coming in at $410,800.

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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, NV – A proposed housing project located in a rural part of the southwestern Las Vegas Valley that has sparked controversy among its neighboring communities has received final approval from the Clark County Board of Commissioners to begin construction.

Final plans by Richmond American Homes to build a 99-lot subdivision on 19 acres south of Blue Diamond Road at Tenaya Way were approved by the Planning Commission on Wednesday. This development was much to the chagrin of multiple people in neighboring areas who are worried that the project will bring an influx of traffic into their quiet communities, many of which consist of homes on large plots of land and whose owners raise animals such as horses and chickens.

Notable among the concerned and vocal critics of the Richmond American Homes project is the magician Teller – one-half of the famous comedy magic duo and longtime Vegas headliners Penn & Teller – who has called the area home for nearly three decades.

The area where part of Richmond American’s project is to be built is a designated Rural Neighborhood Preservation zone, which prohibits suburban-style housing with multiple homes in tight vicinity of each other on small parcels of land. The five-acre section of the project that is situated within that zone means that the company will be mandated to build homes on half-acre lots instead. But the remaining 14 acres, which are outside the zone, will consist of 90 houses built in a more traditional, tightly-knit suburban style.

In an attempt to appease the engaged locals, Richmond American will be implementing a Department of Transportation-approved median cut on Blue Diamond at Tenaya that would enable drivers to bypass the surrounding residential area in order to access the developer’s new housing project once it is complete.

However, it remains to be seen if this will be enough for the neighboring communities, who have been especially vocal at Clark County Board meetings in their disapproval of the project.

Richmond American has not yet announced a start date for development of the housing project.

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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, NV – There are several neighborhoods in the Las Vegas Valley where rents on one-bedroom apartments are spiking, while there are others where that cost is steadily dropping, signifying that the current market is in a state of intense flux, according to a new report by online rental platform Zumper.

As for where the cost of housing is rising at the moment, in Winchester – located east of the Las Vegas Strip – rents on one-bedroom units this past October increased 12.3 percent when compared to the same period of time one year prior, making the neighborhood the second most expensive in the valley with a median rent of $1,460 a month.

North Las Vegas – which has a shortage of one-bedroom apartments in that municipality when compared to overall demand – also experienced an increase in rents, in this case by 15 percent year-over-year, with the median currently sitting at $1,300 per month.

However, when all bedroom types are taken into account, said Crystal Chen – one of the co-authors of the Zumper report – rents in North Las Vegas are actually slightly down when compared to one year ago.

One-bedroom units are significantly less common in (North Las Vegas), there are currently only about 30 active one-bedroom listings compared to roughly 270 three-bedrooms,” she said. “Since North Las Vegas has a higher concentration of larger three- and four-bedroom homes, the smaller-unit data tends to be more volatile and less representative of overall trends. When you look across all bedroom types, rents in North Las Vegas are actually down about 2 percent year-over-year.”

But Paradise clocks in at the single most expensive place in the valley when it comes to one-bedroom prices, with the median rent now being $1,510; this represents an increase of 4.1 percent year-over-year, which is likely influenced by the neighborhood’s close vicinity to the Las Vegas Strip.

In contrast, the neighborhoods that saw the largest decreases in one-bedroom rents in October when compared to last year were Spring Valley with 5.7 percent year-over-year, for a median of $1,320; the city of Las Vegas, down 4.2 percent to $1,150; and Henderson, which lowered 4.1 percent to $1,420.

Shelter Realty Property Management specializes in the areas of Henderson, Las 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, NV – Signing a property management contract is one of the most significant decisions a landlord or real estate investor can make. Whether you own a single rental home or a portfolio of residential properties, your relationship with a property manager such as Shelter Realty Property Management directly influences how well your assets perform. In a market like Las Vegas, where tenant turnover, legal regulations and maintenance demands can shift quickly, it is essential to understand every part of the agreement before committing.

Most landlords focus on cost alone, but a management agreement in Nevada involves far more than monthly fees. Contract length, termination clauses, liability and insurance requirements, the scope of services and expectations for communication all determine the effectiveness of the relationship. Asking the right questions helps protect your investments, reduces risk and ensures the property management services provided by Shelter Realty Property Management align with your long-term goals.

Why the Contract Matters for Las Vegas Landlords and Investors

A property management contract is a binding document that outlines how a property will be managed day-to-day. It establishes responsibilities for rent collection, tenant management services, property maintenance services, financial reporting and dispute resolution. Whether you are engaging professional property management for residential or commercial property management needs, the agreement forms the basis for accountability and performance.

Las Vegas is a competitive rental market with a strong mix of long-term tenants, short-term renters and seasonal demand. Because of this, the clarity of the contract directly affects vacancy rates, compliance risks and long-term property value. Understanding each clause helps landlords make informed decisions and avoid surprises later.

Key Questions to Ask Before Signing a Property Management Contract

Before signing a property management contract, landlords should clarify service scope, fees, communication practices, lease terms, and maintenance procedures. Understanding these key details helps prevent misunderstandings, ensures transparency, and protects long-term investment goals.

1. What Is the Contract Length and Renewal Structure?

The contract length in property management varies across Las Vegas firms. Many agreements range from six months to two years. Before signing, clarify:

• Whether the contract renews automatically
• Renewal notice periods
• Options for non-renewal without penalties
• Whether the manager allows month-to-month extensions

A shorter contract or flexible renewal is often better for landlords who want to evaluate performance before making a long-term commitment.

2. What Are the Termination Clauses in the Management Contract?

Termination clauses in a management contract are essential for risk mitigation. Ask:

• What notice period is required to end the contract
• Whether there are early-termination fees
• What constitutes cause for immediate cancellation
• How unfinished tasks are handled during termination

Understanding this protects landlords from being locked into a poorly performing partnership. It also ensures the transition to another provider of rental property management is smooth.

3. What Is Included in the Scope of Services?

The scope of services in property management should be clearly defined to prevent misunderstandings. A Las Vegas property management agreement should specify whether it includes:

• Tenant screening services
• Lease management solutions
• Rent collection
• Property maintenance services
• Vendor coordination and inspections
• Emergency repairs
• Eviction processing
• Financial reporting
• Marketing and advertising for vacancies

These services differ between residential property management and commercial property management companies, so clarity ensures you receive the real estate management services you expect.

4. How Are Fees Structured?

Property management service fees vary widely. Ask for clear definitions of all charges, including:

• Monthly management fees
• Leasing fees
• Renewal fees
• Inspection charges
• Accounting or administrative charges
• Advertising costs

A transparent fee structure helps landlords avoid unexpected expenses and better evaluate the total cost of real estate management services.

5. How Does the Company Handle Property Maintenance?

Property maintenance services determine the long-term health of your investment. Ask:

• How maintenance requests are processed
• Whether the manager offers in-house maintenance or uses external vendors
• Approval requirements for repairs above a certain cost
• Emergency repair protocols
• How often inspections are performed

Clear processes support consistent service quality and cost control.

6. What Is the Approach to Tenant Management and Communication?

Tenant management services influence tenant satisfaction and reduce turnover. Clarify:

• How tenant complaints are handled
• Expected response times
• Communication channels used
• Whether the manager offers online portals
• How conflict or lease violations are addressed

A structured communication approach is essential in a fast-moving rental market like Las Vegas.

7. How Does the Company Screen Tenants?

Tenant screening services directly impact property performance. Ask:

• What screening criteria are used
• Whether background, credit and rental history checks are included
• Who makes the final approval decision
• Whether the process aligns with fair housing laws in Nevada

Thorough screening reduces risk and increases tenant reliability.

Additional Questions That Help Landlords Make Better Decisions

Landlords benefit from asking deeper questions about tenant screening, maintenance planning, financial expectations, and communication standards. These insights help ensure smoother operations, long-term stability, and stronger property performance.

1. What Experience Does the Company Have in the Las Vegas Market?

Las Vegas has a unique rental landscape influenced by tourism, employment patterns and property supply. Ask about:

• Years of local experience
• Types of properties managed
• Typical vacancy and lease-up times

Local experience supports effective rental property management.

2. What Technology Does the Company Use?

Professional property management now relies heavily on software. Ask:

• Whether portals exist for owners and tenants
• Whether maintenance updates are automated
• How payments and reporting are processed

Modern systems support efficient communication and operations.

3. What Happens When the Property Manager Assigned to My Account Changes?

Staff changes occur in any organization. Ask:

• How transitions are handled
• Whether owners are notified
• How service continuity is maintained

This helps prevent disruptions in management quality.

Choosing a property manager is a strategic decision for Las Vegas landlords and investors. Asking detailed questions about the contract length, termination options, scope of services, liability, insurance and compliance requirements ensures that the agreement supports your long-term investment goals.

Understanding each part of the management agreement in Nevada empowers landlords with transparency and reduces risks associated with rental operations. A thoughtful review process leads to better outcomes, improved tenant satisfaction and stronger long-term property performance. For personalized guidance or to review your management options, feel free to contact us today.

Frequently Asked Questions

What should be included in a Las Vegas property management contract?

A contract should include services provided, fees, liability terms, maintenance procedures, reporting requirements, insurance obligations, contract length and termination clauses.

Can I terminate a property management contract early?

Yes, but termination clauses vary. Some agreements require notice periods or early termination fees. Review these details before signing.

What insurance should a property manager have?

Managers typically carry general liability and errors and omissions insurance. The contract should clarify coverage and responsibilities.

Do property managers in Nevada handle legal compliance?

Many do, but practices differ. Ask whether they manage notices, filings, fair housing compliance and eviction-related procedures.

Are maintenance costs automatically approved?

Not always. Contracts usually include approval thresholds. Clarify limits and communication processes for repairs.

Shelter Realty Property Management specializes in the areas of Henderson, Las 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, NV – As more and more construction projects are completed in an effort to address Las Vegas’ affordable housing crisis, apartment rents in Southern Nevada have dropped significantly, with a new report indicating a recent decrease of over four percent from 2024.

According to RealPage Market Analytics, apartment rents in September had plunged 4.1 percent year-over-year, which is quite a bit higher than the national average of 0.3 percent.

In the third quarter of 2025, the average rent of multifamily housing units in Las Vegas reached $1,451 per month; renters in the market have typically favored Class B and newer Class C properties for their cost-effectiveness due to affordability concerns.

Meanwhile, demand for apartments in Las Vegas continues to be fueled by its strong labor market and the steady influx of transplanted residents from outside of Nevada that it continues to attract.  

Large decreases in rent weren’t confined to Las Vegas, but instead was part of a broader West Coast phenomenon, where major metropolitan areas throughout that region noted the largest overall drops in the country in September. RealPage stated in their report that the cause was tied mostly to the market adjusting to national economic trends while absorbing new housing supply.

Las Vegas had previously been considered partially immune to national recession symptoms due to its economy being strongly propped up by its normally robust year-round tourism industry. However, Vegas has been recently experiencing a downturn in that regard as fewer people are traveling and spending money amid spiking inflation and the currently uncertain economic conditions in the country.

But despite the higher-than-average rent cuts in Vegas, they are not nearly at their highest points yet in recently recorded history; year-over-year drops reached 4.6 percent during the COVID-19 pandemic, and a whopping 10 percent in 2010 after the Great Recession hit.

Shelter Realty Property Management specializes in the areas of Henderson, Las 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.

NORTH LAS VEGAS, NV – Property owners in Las Vegas often hear the term full-service property management, but many are unsure of what it actually covers. Whether you own a single-family rental, a townhome or a condo, understanding the scope of Las Vegas property management services helps you make informed decisions and set realistic expectations. 

Companies such as Shelter Realty Property Management provide a structured approach to rental oversight, and this guide breaks down the core components of residential property management, leasing services in Las Vegas and the ongoing operational tasks that professional property managers handle daily.

Rather than promotional claims, this article focuses on clarity. Each section explains what reputable property management companies like Shelter Realty Property Management actually do, why each service matters and how it affects long-term rental performance in the Las Vegas market.

Understanding Full-Service Property Management

Full-service management refers to the complete operation and oversight of a rental property. A property management company handles everything from marketing and tenant placement to maintenance coordination, financial reporting and legal compliance. 

While individual companies vary slightly, most reliable firms provide a core group of services outlined below.

Key Services Included in Las Vegas Property Management

Las Vegas property management involves a coordinated set of services designed to maintain property condition, support reliable occupancy and ensure compliance with Nevada regulations while reducing the owner’s daily workload.

1. Tenant Screening in Las Vegas

Effective tenant selection sits at the foundation of successful rental property management. Comprehensive tenant screening in Las Vegas generally involves:

• Background checks: A review of rental history, employment information, identification verification and prior evictions. In Nevada, tenant screening must follow the Fair Credit Reporting Act and local housing regulations.

• Credit evaluation: Professional property managers assess whether applicants demonstrate financial reliability. The goal is to reduce the risk of missed payments, costly turnovers or disputes.

• Income verification: A standard income-to-rent ratio ensures tenants can meet their monthly obligations without strain. This supports consistent rent flow and reduced collection issues.

A reliable screening process protects both property owners and future tenants by matching the right residents to the right homes.

2. Leasing Services in Las Vegas

Leasing is more than signing a contract. It involves a structured process designed to reduce vacancy periods and ensure legal compliance.

• Property marketing: Managers create accurate listing descriptions, organize professional photos when needed and distribute listings across high-visibility rental platforms. Clear descriptions help attract qualified renters rather than high-volume unqualified inquiry traffic.

• Showing coordination: Full-service management includes scheduling property tours, responding to inquiries and providing prospective tenants with essential information about the unit, the lease structure and the application process.

• Lease preparation: Nevada rental laws require specific disclosures and clauses. A property manager prepares compliant lease agreements that, at minimum:

1. Outline payment terms
2. Clarify maintenance responsibilities
3. Define occupancy rules
4. Address local statutes specific to Nevada rentals

• Move-in documentation: Managers conduct detailed move-in inspections and document the unit’s condition with photos and written checklists. This protects both parties during move-out assessments.

3. Maintenance in Las Vegas Property Management

Well-managed maintenance procedures help preserve property condition, reduce major repair costs and maintain tenant satisfaction. The process usually includes:

• Repair coordination: Property managers engage licensed vendors, schedule repairs and follow up to confirm completion. Las Vegas properties often require special attention due to weather conditions, including HVAC stress during long summers.

• Routine maintenance: Tasks may include seasonal servicing, filter replacements, system checks, landscape oversight and minor repairs. Preventive maintenance reduces emergency calls and extends equipment lifespan.

• Emergency response: Most property management companies provide after-hours support. Timely responses to urgent issues protect the property from further damage and ensure tenant safety.

4. Property Inspections

Inspections help ensure lease compliance and identify repair needs early. Managers typically handle:

• Move-in and move-out inspections: These document conditions provide transparency and support proper handling of security deposits.

• Periodic inspections: Routine visits allow managers to catch water leaks, unauthorized pets, improper alterations or neglected maintenance issues. This reduces repair costs and prevents long-term damage.

5. Accounting Services in Property Management

Accurate financial tracking is essential for owners, especially when managing multiple rentals or commercial units. Accounting services in property management often include:

• Rent collection: Automated systems reduce late payments and improve accuracy.

• Owner disbursements: Monthly payouts are processed consistently with accessible statements.

• Financial reporting: Reports detail income, expenses, maintenance invoices and operational activities. These documents help owners understand cash flow and prepare for taxes.

• Record keeping: Nevada requires managers to maintain organized records related to lease agreements, deposits and maintenance expenses.

6. Legal Compliance and the Eviction Process in Nevada

Property managers help owners stay compliant with state and local laws, which is especially important when navigating the eviction process in Nevada.

• Notices and documentation: Nevada law outlines specific timelines for nonpayment notices, lease violations and notice delivery. Managers prepare and serve required documents correctly.

• Court filings: If a dispute escalates, managers coordinate with legal professionals and ensure compliance throughout the process.

• Lease enforcement: Property managers maintain documentation that supports enforcement, reducing owner liability and disputes.

Table: Summary of Full-Service Las Vegas Property Management

Service Category	Typical Responsibilities	Value for Owners
Tenant Screening	Background, credit, income checks	Reduces risk and improves rent reliability
Leasing Services	Marketing, showings, lease prep	Shortens vacancy periods
Maintenance	Repairs, emergencies, preventive care	Protects long-term property value
Inspections	Move-in, move-out, periodic checks	Ensures tenant compliance
Accounting	Rent collection, reporting	Supports cash flow accuracy
Legal Compliance	Notices, documentation, guidance	Minimizes liability
Communication	Updates, reports, recommendations	Improves transparency

How Las Vegas Market Conditions Influence Management Services

Las Vegas has a unique rental environment shaped by tourism, job market shifts and high demand for both short-term and long-term housing. These factors influence how professional property managers approach everyday operations.

• High summer heat: Maintenance planning often emphasizes HVAC systems, plumbing safeguards and energy efficiency. Managers stay ahead of seasonal wear to prevent mid-summer breakdowns.

• Steady renter turnover: Las Vegas experiences higher mobility compared to many cities. Clear leasing procedures and strong screening help maintain stable occupancy.

• Legal compliance considerations: Nevada’s laws on notices, deposit handling and habitability require strict adherence. A knowledgeable manager reduces risk by ensuring full compliance.

Frequently Asked Questions

What does full-service property management include?

Full-service management covers marketing, screening, leasing, maintenance coordination, inspections, accounting and legal compliance. It represents a complete operational framework for rental properties.

How does tenant screening work in Las Vegas?

Managers typically review credit history, income, rental background and legal records. They follow state and federal guidelines to ensure fair and lawful screening.

What maintenance responsibilities do managers handle?

They manage emergency repairs, routine inspections, vendor coordination and preventive maintenance. This reduces long-term expenses and protects property value.

How long does the eviction process in Nevada take?

Timelines vary based on the type of notice and court availability. Property managers ensure proper documentation and guide owners through each step.

Are accounting services included in property management?

Yes. Managers typically handle rent collection, disbursements, invoices, monthly statements and financial tracking.

Contact Shelter Realty Property Management

Understanding what Las Vegas property management services include helps property owners make informed, confident decisions. A full-service approach covers tenant placement, leasing, maintenance, inspections, accounting and legal compliance.

A complete management structure brings clarity, consistency and oversight to both rental property management and long-term asset care. With a clear understanding of expectations, owners can partner effectively with professional managers and achieve better outcomes in the Las Vegas rental market. For more information or to discuss your specific property needs, you can contact Shelter Realty Property Management for guidance.

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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, NV – Despite the concerns of local residents in the surrounding areas, a new housing project that is slated to be constructed in a rural part of the Las Vegas Valley was given the go-ahead by the Clark County Planning Commission this week.

Plans by Richmond American Homes to build a 99-lot subdivision on 19 acres south of Blue Diamond Road at Tenaya Way were approved by the Planning Commission on Tuesday, with final action for the project to be considered by the Clark County Commission at a meeting slated to take place in November 19.

However, many people in the surrounding neighborhoods are expressing dismay that the project will cause an influx of traffic that will disrupt their quiet, rural communities, many of which consist of homes on large plots of land and whose owners raise animals such as horses and chickens.

Notable among the concerned and vocal critics of the Richmond American Homes project is the magician Teller – one-half of the famous comedy magic duo and longtime Vegas headliners Penn & Teller – who has called the area home for nearly three decades.

At Tuesday’s Planning Commission meeting, multiple residents expressed their disapproval of the project, fearing that it would have a detrimental impact on their way of life, away from the hustle and bustle of the city of Las Vegas.

We do not want this suburban project to ruin our rural character,” said local resident Cathy Fry to the panel.

Currently, the area where part of Richmond American’s project is to be built is a designated Rural Neighborhood Preservation zone, which prohibits suburban-style housing with multiple homes in tight vicinity of each other on small parcels of land. The five-acre section of the project that is situated within that zone means that the company will be mandated to build homes on half-acre lots instead. But the remaining 14 acres, which are outside the zone, will consist of 90 houses built in a more traditional, tightly-knit suburban style.

LAS VEGAS, NV – According to one of the top luxury real estate agents in the Las Vegas Valley, the number of homes owned by millionaire residents in Southern Nevada in 2025 has increased by a factor of three since 2019, illustrating the growing appeal of the region to affluent members of society.

IS Luxury real estate brokerage founder Ivan Sher noted that Las Vegas has become a very attractive place to live for the wealthy, with prices associated with high-end home sales in the valley increasing over the years as more rich individuals purchase properties here.

The luxury real estate market in the valley has evolved dramatically over the past decade. Ten years ago, the top of the market was $10 to $15 million,” he said. “Today, sales regularly exceed $30 million. What used to be considered luxury at $1 million is now closer to $3 to $3.5 million. This shift reflects more than just pricing; it shows that Las Vegas itself is maturing.”

The city has become a magnet for high-net-worth individuals seeking more space, a better quality of life, and the energy of a market that is constantly innovating,” Sher continued. “Since 2019, the number of millionaire households has tripled, and that momentum is evident in the type of buyers moving here, from tech entrepreneurs and finance executives to professional athletes and CEOs.”

Sher pointed out that the pandemic changed the luxury home dynamic in Vegas, saying that the number of affluent, out-of-state transplants – many hailing from the neighboring state of California – jumped dramatically after 2020.

Before COVID, roughly half of my buyers were local, about 30 percent came from California, and the rest from other areas,” he said. “After 2020, there was a noticeable shift. California buyers made up around 75 percent of my clientele. The pandemic was a tipping point, showing people that they no longer needed to live where they worked, thanks to Zoom and remote work, which created a strong migration to Las Vegas.”

Aside from the exciting entertainment options afforded by Vegas, the plethora of professional sports teams relocating to the city, and Nevada’s lack of state income tax, the overall quality of life offered by Southern Nevada is proving to be an exceptional draw to the wealthy.

Many are seeking a place with less polarization, a more manageable pace of life, good food, great weather, and convenient access through the airport,” he said. “People come for these reasons and often stay because Las Vegas delivers a quality of life they cannot find elsewhere.”

Shelter Realty Property Management specializes in the areas of  Henderson, Las 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, NV – While they have dropped slightly in recent months, interest rates on mortgages still remain at historically high levels; however, as the Federal Government’s current shutdown drags on – fueled by the impasse between Republicans and Democrats on a new spending bill – experts have speculated its potential impact on home borrowing costs.

To save you the time, in summary, most economists and mortgage strategists cited in the Investopedia article expect little change in rates during the shutdown itself. Once the shutdown ends and data flow resumes, they anticipate a slight easing of rates (i.e. a downward move).

But speculation is just that – essentially a glorified theory – as the shutdown makes it more difficult to gauge the current status of the economy and, therefore, ascertain the direction mortgage rates may end up going in.

Yields on 10-year Treasury notes are what most heavily influences mortgage rates, and lenders base the pricing of their mortgage-backed securities (MBS) on the returns offered by competing government bonds, often bundling mortgages together to sell to investors. During a government shutdown, 10-year treasury notes are normally very coveted, resulting in more affordable lending rates due to notes’ rising prices and falling yields.

In addition, the hundreds of thousands of federal employees who are typically furloughed and not getting paid during a shutdown, and the delayed issuing of FHA, USDA, and VA loans – which are government-funded – in addition to federally-financed flood insurance could also cause rates to lower.

But shutdowns are unpredictable in terms of how they may impact mortgages, so there’s also the possibility that rates could swell once again, driven by factors such as credit and fiscal worries and economic uncertainty. Shuttered government agencies are also unable to release labor market and inflation reports, which have a large impact on investors, loan rates, and the overall economy.

One thing is for sure, according to Realtor.com senior economist Jiayi Xu- the longer the shutdown continues, the greater the economy – and lending costs – will be influenced, for better or for worse.

The longer the shutdown drags on, the greater its potential influence on markets and monetary policy decisions will be,” he said.

Shelter Realty Property Management specializes in the areas of Henderson, Las 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, NV – In a recent interview, Las Vegas Realtors (LVR) President George Kypreos commented on the current conditions of the housing market in Southern Nevada, noting that it was in the process of “going through a reset” and offering advice to both home buyers and sellers on how to best take advantage of the coming changes.

Kypreos first spoke about the existing state of the real estate market in the Las Vegas Valley, and the various circumstances influencing it.

Right now, the Las Vegas housing market is going through a bit of a reset,” he said. “After the rapid post-pandemic growth, we’re seeing more inventory on the market than usual. This shift is helping to bring more balance between buyers and sellers, creating a healthier and more stable real estate environment.”

While high interest rates on home mortgages have put many buyers on the fence as of late, Kypreos stated that Vegas still holds many advantages over the rest of the country when it comes to purchasing a house.

Demand remains strong, particularly for buyers who can qualify in today’s lending conditions. While interest rates have affected affordability, opportunities still exist for those who are financially prepared,” he said. “Our median home price sits around $480,000. That might seem high at first, but it’s still significantly more affordable than what buyers are seeing in nearby markets like California and Arizona. With continued job growth, lifestyle appeal, and Nevada’s tax advantages, Las Vegas remains a top destination for real estate investment and relocation.”

The LVR president also offered advice for both buyers and sellers on how to best navigate the shifting and evolving real estate market in the coming months.

For buyers: preparation is everything. Get pre-approved, understand your budget, and work with a real estate agent who knows how to navigate the Las Vegas housing market. There’s less competition now than in recent years, which means more room to negotiate and more chances to find the right property,” Kypreos said. “For sellers: make your home stand out. Homes that are clean, staged, and priced properly still sell quickly. Today’s buyers are informed and expect value. Don’t wait for a perfect market because the perfect time is when you’re ready and you have a clear plan in place.”

And finally, Kypreos touched upon what he would like to see improve in the residential market in Vegas in the years to come.

I’d love to see more initiatives that support affordable housing for first-time homebuyers and longtime residents,” he said. “Las Vegas is growing fast, and it’s important that we continue to create opportunities for families and individuals looking to plant long-term roots here.”

Shelter Realty Property Management specializes in the areas of Henderson, Las 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.