Las Vegas Airbnb Property Management

The median value for homes in Las Vegas is $218k. The values for homes has increased over 10% in the past 12 months! Zillow believes they will increase another 6% in 2018. The median rents are around $1,350 a month for the entire Vegas area.

The foreclosure rate in Las Vegas is about 3 homes per 10,000, which is higher than the national 1.6. This only means better opportunity for real estate investors. The delinquent mortgagee rate in Las Vegas is about 0%, which is good for the market. Underwater homes hover around .2% which is close to the national average.

Why is Las Vegas a good Real Estate Investment?

As the data shows, rental prices in Vegas have only gone up the last 5 years. This is great for real estate investments. For short-term rentals, the rates are even higher. We use the algorithms from Airbnb to automatically adjust the guest pricing so you get the best possible rates. Investor Forms also checks your bookings for the month, if they are low we can change the pricing so we get it booked up.

Las Vegas surrounding neighborhoods and median house prices:

• The Lakes $272,300
• Buffalo $253,600
• Desert Shores $242,900
• Spring Valley $207,900
• North Cheyenne $205,000
• Michael Way $153,000
• Rancho Charleston $152,100
• Twin Lakes $139,600
• West Las Vegas $118,300

Interested in seeing the Las Vegas Area? Here is a nice guide: Travel Guide

Our properties host all kinds of guests in the Airbnb space. Vacation seekers, business conferences, weddings, you name it we have seen it.

Why Las Vegas is a Great Place to Live and Invest

Called the Entertainment Capital of the World, Las Vegas is a booming town full of many different neighborhoods outside the iconic Las Vegas Strip. City leaders are actively diversifying economic opportunities with jobs expected to grow by 39.78 percent over the next decade. This area has fantastic private and public schools along with top-rated colleges. Getting around the city is easy because of the airport, bus system, monorail, and taxis.

Las Vegas Job Market

While there are more people employed in the hospitality industry than any other industry in Nevada, those jobs are certainly not the only employment in Las Vegas. There are over 1,800 employers in technical services in Las Vegas along with over 6,000 health care and social work organizations in the city. This area is also home to over 4,000 insurance and finance employers.

The largest employers in Las Vegas are:

• MGM Resorts International
• Clark County School District
• Caesars Entertainment
• Nellis and Creech Air Force Base
• Wynn Resorts
• Stations Casino

Las Vegas is also an exciting city for start-ups. VTF Capital has funding available for many new commercial entities. The Innovation Center is a 65,000 square foot coworking space with programs where new companies can meet each other. The $350 million Downtown Project based on Edward Glaeser’s Triumph of the City helps new businesses gain the knowledge to be successful.

Some of those new businesses are choosing to turn renovated houses into beautiful Airbnb projects. Many owners are discovering the benefits of owning investment property in Las Vegas while allowing an Airbnb property management company to do the work.

Las Vegas Education

There are many different colleges in Las Vegas. The College of Southern Nevada is the largest two-year college in the United States. The Desert Research Institute is the flagship institution of the Nevada System of Higher Education. Students can even find a college here teaching Oriental medicine and acupuncture.

U.S. News and World Report ranks four Las Vegas’ high schools as the best in the state. They say that the number one high school in Nevada is Advanced Technologies Academy while they say that the third best is West Career Technical Academy. Additionally, placing in the top 10 are Las Vegas Academy of International Studies and Veterans Tribute Career Techincal Academy.

Public Transportation

It is incredibly easy to get to Las Vegas as the McCarran International Airport is just a short distance from downtown. Over 47.435 million passengers catch a flight to or from here annually. Henderson Executive Airport and the North Las Vegas Airport each saw about 212,000 passengers arrive or depart from their facilities. Getting to Las Vegas from McCarran is easily accomplished by riding the bus as 20,000 passengers can attest to daily.

There are numerous buses in the city operated by the Regional Transportation Commission of Southern Nevada. The double-decker Deuce runs along the Strip every few minutes night and day.

The Las Vegas monorail system runs about every seven minutes down the Las Vegas Strip. This train system is a popular way to get from one casino to another as it stops at most of them.

There are many choices in cab companies in Las Vegas. Additionally, Uber and Lyft both operate in the city and surrounding area.

Las Vegas Things To Do

Most people come to Las Vegas to gamble on the Strip. Additionally, the Las Vegas Strip is a favorite place to hear big-name entertainers perform.

The city is home to more than 40 museums. Top-rated museums include The Mob Museum, The Titanic, Pinball Hall of Fame and the Neon Museum. The city is also home to more than 25 art galleries including galleries dedicated to the work of William Carr, Martin Lawrence, and Richard MacDonald.

Las Vegas is a fascinating city to live in with investors finding many opportunities to expand their businesses. The city has many great opportunities to open Airbnb businesses because of a large number of tourists visiting there each year. Our Airbnb property management company would love to discuss the possibilities with you.