All Forum Posts by: Andrew Weiler

Without a doubt it does limit some of that airbnb traffic but if you can find really strong SFH close enough to the strip without violating guidelines, then you'd be in for a strong investment with high cash flow potential.

Short term rental owners are prohibited from holding more than 5 permits at any given time 

That is correct that 2500 feet separation from a resort has to be established. 

It does Prohibit apartments or rooms in apartment buildings from being used as short-term rentals

https://www.leg.state.nv.us/Ap...

All the solid info is right here, I'll do some more digging on that for you 

@John Underwood

Short Term Rentals

- Short term rentals are becoming increasingly more prominent in the las vegas valley with the recent ordinance passed, while being more prominent it does pose some setbacks with the certain rules in place. 

-Prohibits more than one short-term rental within 1,000 feet of each other.

-Hosts must allow the County to inspect the residential units without advance notice.

-Allow misdemeanor citations for violations of this ordinance, thus opening the possibility of criminal liability for issues as minor as the placement of trash.

With all that being said there is plenty of opportunity to capitalize on the market for STR's in vegas with it being such a tourist city.

Stephanie, 

This market in vegas has been changing rapidly whether it be up or down, investors are leaning towards flipping more just with the uncertainty of where the market goes. So investors want to gear towards the quick flip & cash out. 

There has been such a heavy influx of people moving to vegas, as it is top 5 cities for growth in the U.S. currently, which does bring lots of value to the market in vegas itself, but with all the inflation/feds raising rates it makes things a bit more uncertain. 

Properties in vegas are not bad thing for buy & hold though, being that long term this city has exponential growth & influx coming to it. 

Hope that helps,

Happy 4th to everyone out there, to all my investors the vegas market has been heating up for sometime, especially those on the investment side of real estate! For those who adjust their buy box during this craziness in the market, i'm interested to hear how your flips, rentals & overall rehabs have been going? 

Looking to connect with some seasoned, well versed real estate investors, and flippers to discuss their experiences investing out here in the hot vegas market! Please do connect with me via my account! Happy investing!