All Forum Posts by: Phillip Dwyer

I mostly manage property in Henderson, but we have a few legacy clients in the Northwest around Centennial Hills and some in Summerlin. We've seen good collection rates at only 1 currently non-paying tenant out of about 80. Most of the stuff we manage is SFR built 1990 or newer, but we do have some condo units and a few older homes too. Our collection issues have mostly been in the older homes.

Rents have been increasing in most of the areas we manage.  There's a shortage of rentals overall.  

The eviction moratorium extensions proposed on the federal level are worrisome, but those will impact the entire nation, not just the Vegas market.  

Try Carmine DiFulvio at First American:  866.993.1031.  I believe he can assist in both states.

Use an intermediary.  

Depends upon how much cash you have.

Feel free to send me a private message.  I know a few solid lenders in the Las Vegas market.

Great post @Gregory Oliver. What's your action plan?

@Hamlet Garcia It sounds like you are talking about a property's relationship to high traffic streets.  In appraisals, you'll often see appraisers make adjustments for lots that are located adjacent to a highway, or major street.  This is because most people don't want to live next to traffic noise mostly but also potential risks of accidents.  Usually then, a location next to a busy road will be a negative factor on the value and potential rents. 

@Berenice Pineda The condo market is not on fire like the SFR market. However, the price to rent ratios are better.

@Berenice Pineda. You'll need a 25% down payment plus the closing costs.  You may need to save up a little more before you start.

@Frederick Peregrino Here's a list of some things you can do that will get you the most bang for your buck in the Vegas market:

1.  New paint

2.  Matching appliances

3.  New flooring.  If you can, try to do solid surface in the high traffic areas.  

4.  Updated fixtures

5.  Clean landscaping

A fresh clean look with good smells gets units rented fast.  After that, pricing is everything.  Feel free to DM me to chat about the process and property management.