All Forum Posts by: Ian Tan

@J Torres, @Phillip Dwyer

Thank you both for the recs!

Does anyone have any recommendations for property inspectors?

@Terry Lao

I appreciate the input. I'll be acquainting myself with Vegas more before moving forward with anything, so I'll be visiting over the next several months to understand the area better.

@Terry Lao

My apologies, I thought your question was rhetorical. My original goal was multis for the cashflow. But since Las Vegas is new territory to me and my preliminary research suggested multis might be too risky , I was exploring the idea of appreciation instead.

Your example is pretty amazing, however, so it's given me more to consider.

@Terry Lao Thanks for your input.

Cashflow is definitely a priority. I had originally looked into multi-family units as a possible stepping stone into commercial real estate down the road but was dissuaded by some of the online reports I found regarding crime statistics in the neighborhoods I was canvassing. The numbers on the page were attractive, but the "slumlord" horror stories I've also come across pushed me into being more receptive to other property types, thus my inquiries into SFRs.

Have you had positive experiences with the 4plexes you’ve found in Vegas?

@Phillip Dwyer and @Heather H.,

Thank you for your replies. Should I find something in Henderson, I will definitely be in touch! 

@Bill B. Thanks for the input. So when I was running some numbers, I was using 20% at 4.612% 30-year fixed. I factored in property management at 10% as well as capital expenditures, maintenance, sewage, etc.

Granted, I am aware that the tenants will likely cover their own utilities; plus I don't live in Vegas, so my estimates may be a lot more conservative than what the actual average amounts might be. But every bit of insight helps.

@Bill B. Thanks for the recommendation. I've seen recommendations for Key Realty before; they must be good if multiple people are giving them the thumbs up. I'll definitely look into them.

Have you heard of any others? Especially ones to avoid?

@Phillip Dwyer I'm looking around Summerlin and the NW and SW, maybe Henderson. Looking to rent out SFRs or condos.

Hi, anyone out there have solid recommendations (or strong warnings) for Las Vegas property management companies?  Please feel free to PM me if you'd rather go private. Thanks in advance.