New to STR

[Estevan Benavides]

Hi everyone,

I'm looking to get started in STRs and I wanted to see about jumping into the Las Vegas market. I'm thinking this would make a bit of sense for me since it's a busy market (I think) and it's only a 45 minute flight from my location. I'm also open to a JV since this would be my first STR. I'll be in Las Vegas in May and would like to line up some locations to look at. What's everyone's thoughts on the LV STR market?

[Kate Stoermer]

Within the city limits, I believe STR are prohibited, so start with understanding the regulatory environment. Identify and work with a STR-knowledgeable realtor, and lean into understanding what it takes to succeed in STR. Its not just buy a place and toss it on Airbnb; its a business and it requires knowledge, resources, and recognizing that there are many different ways to have an STR business if you want the ROI. Spend some time to gain clarity about what you hope to achieve and what the path to achieve it; that will make the myraid of decisions easier.