Las Vegas Market

[Jace Im]

Hello BP fam, Another beginner question..I am wanting to invest in SFRs in LV(I have family there and grew up there). However, doing several analysis, home prices have gone up quite a bit and it looks like the returns are significantly low. Also on the analyzing tool for the expenses-- redfin lists expenses for sewer and other misc expenses.. but seems really high for a monthly cost. Is this an annual estimate? So if I enter the expenses on the rental calc, I would have to divide the expenses by 12 to get the monthly? Thanks so much!

[Joe Abughazaleh]

Hey @Joe Ellis to clarify I would have the tenants put those 3 utilities  (water,power,gas) in their name. That's one less group of utilities that you as a landlord don't need to worry about. If they end up leaving and not paying or don't pay their bills on time and accrue late fees, those companies will follow that person, NOT the landlord. I'm speaking for Clark County NV. I know some other states are different.

My first rental I made the mistake in keeping the utilities in my name as a landlord. There was an issue with a water bill being extremely higher than usual, and my tenant at the time felt like he shouldn't have to pay that and became an extra headache I could have easily avoided.