Property values – Have property values in the neighborhood remained comparatively strong? Will your investment keep pace with the local real estate market?
How is access to the area where the property is located? Las Vegas is a busy metropolitan area and new arrivals in town are keen on freeway access between their home and workplace.
The floor plan – Is it a popular configuration? The typical modern rental home has 3 bedrooms + 2 full baths + 2 car garage. 5+ Bedroom houses don't necessarily command rents commensurate with the higher sales price.
Finding good tenants –
Can you attract and keep good tenants? The property will generate income only when it's rented.
Association CC & R's –
How do CC & R's affect the subject property? Some exclusive areas in town are exactly that with rules which restrict leasing of homes in the community.
typically don't have garages. Prospective tenants looking for a house or condo to rent in the Las Vegas area usually want the security and protection of a garage to park their vehicles.
* Apartment complexes converted to condominiums
for individual sale
I am a licensed real estate property manager in the State of Nevada. We handle residential leases in Las Vegas, Summerlin, Henderson, Green Valley and North Las Vegas, Nevada. Rachael Cline Real Estate manages modern, two, three and four bedroom single-family houses, town houses and condominiums for rent, secured with a one-year lease.