All Forum Posts by: Josh Edelman

• In a ten year period, Las Vegas will have added:
  
  The A's
• The Aces
• The Raiders 🏴‍☠️
• The Desert Dogs
• The Golden Knights
• The Pro Bowl
• A Super Bowl
• An NFL Draft
• A Final Four
• A Formula 1 Grand Prix
• A CFP National Championship

This is an impressive list of sports events and teams that Las Vegas will be hosting in the near future. It's an exciting time for sports fans in the city!

I like MTRs. I am in Las Vegas 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.

Mid term rentals are a great option in that city I believe. At least in Las Vegas 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. You can bring in more profit per month than long term with less hassle than AirBnB. 

If you are a Realtor, doing it yourself is fine. That is what I do. Otherwise certain sites have templates you can download or pay for.

Avail is a great platform that you can have leases done for your state, collect payments, etc. 

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?

 Wish it was that price here. Just called several businesses. $10-15k in Las Vegas

I just had brand new tenant move in. HVAC has been running great the past three years since I bought the home...until I get a call day 2 of my new tenants moving in. 

I got a technician out there, long story short I need to replace my HVAC. I have a 1724 sq ft home in Las Vegas. He is quoting me at $12K for a new 5 ton unit and labor. Is this typical? Thanks!

Real Estate Update

Some data points for March 2023 

Median Sales Price: $430,000

New Listings: 2,298 (down 29% compared to March last year)

Days on Market Until Sale: 29

Months Supply of Inventory: 2.4

What does "Months Supply of Inventory" mean? It represents the number of months it would take to sell all homes currently on the market at the current pace of sales. A balanced market is typically around 6 months of inventory, so a lower number represents a seller's market with limited inventory.•

Lee Canyon Ski Resort has been sold to Mountain Capital Partners. Season-pass holders will be eligible for reciprocal days at other Mountain Capital resorts, and the new owners are expected to invest in capital improvements at Lee Canyon and retain the leadership team and support staff.•

Mirage is offering free parking and other benefits to Nevada residents who sign up for the Mirage-Hard Rock Unity Rewards card. Locals can avoid driving on the Strip by accessing the casino off Spring Mountain Road.•

Spirit Airlines announces non-stop service between Charleston, South Carolina, and Las Vegas starting on September 7. There will be five round-trip flights per week, making it the only non-stop service between Vegas and Charleston. Special introductory fares will start at $99 one way for travel from Sept. 7 through Oct. 18.•

Vegas Golden Knights: The Vegas Golden Knights beat the Seattle Kraken by a score of 3-1 in the last game of the regular season to win the Pacific Division title for the third time in the six-year history of the team. They earned the number-one seed in the Western Conference with a record of 111 points for the season. The first round of the playoffs start next week, and Vegas will face the wild-card Winnipeg Jets on Tuesday and Thursday at T-Mobile, having the home-ice advantage.•

In a unanimous vote, the Nevada Department of Transportation's Board of Directors loosened up the high-occupancy-vehicle lanes running through Las Vegas. All traffic can use the HOV lanes outside minimal periods of 6-8 a.m. and 4-6 p.m. Monday through Friday. The Board might reconsider the decision, opting for completely eliminating the lanes or turning them into express lanes, but that will take another study period of around two years.

Why not rent out your property and make some money? Even if you're only paying off the mortgage, you'll still sell it at a profit eventually. And if you're up for managing the property and dealing with tenants for some extra cash flow, why not give it a shot? It's a win-win situation!

Consider renting it out as a means of generating income. Even if you only pay down the principal, eventually you'll sell the property and earn a profit. If you can manage the property and earn potential monthly income with some extra effort, why not take advantage of the opportunity?