Real Estate Agent · Las Vegas · Member since 2018 · 198 posts · 143 votes
Mid term rentals are a great option in this city as the legislation with AirBnB is ongoing and makes it difficult, plus competition with Casinos. MTRs are great as we have many traveling professionals who only are here for several months at a time. For example my mortgage is $1600 but I charge $2900/mo for my rent.
Anyone else doing this or doing something different in Las Vegas?
Not trying to throw shade, but a seemingly $1300/month profit spread that then gets WIFI/cable, water, power etc deducted from it is not what I'd call "crushing it". If by mortgage you mean PITI, I'm guessing you have around $800-1000 leftover per month after paying the bills that normally an LTR tenant would pick up? Which is a nice investment, don't get me wrong, but compared to what many posters here pull from their STRs is fairly average.