Any suggestions on STR in Las Vegas??

My fiancé is an interior designer and her friend from Las Vegas just bought an STR they hired her to furnish this summer.

They are cheap, and will get cheaper in coming recession, as tourism to Vegas will decline, and they have superior growth and great management, that know what they are actually doingADC -(Agree Realty), they do what I do privately, but on a bigger scale, run by Joey Agree , very smart, they have excellent growth, multi-tenant, triple net retail, and grocery anchored Retail, they will benefit from massive secular tailwinds, as there has been under construction in retail for years, due to fear of E-commerce, higher construction costs/insurance costs, post GFC under financing-construction, etc, so existing inventory is commanding higher rents, we are bumping new leases by 7-11%, they will get this endogenous earnings growth for yearsthese should perform well over next 10 years, never buy anything in Real Estate for less than 10 years, to allow to go through cycles, and if you can buy in 401k/IRA so dividends can be re-invested tax freegood luck, you have to monitor your E-REITS like you would any other stock, closely, as they move with sentiment not just on NAV like private Real estate, so you can't just dose em w 200mg of propofol and walk away, not that you'd ever do that :)good luck

Greetings bigger pockets, I am in the process of purchasing a hotel and casino in las vegas on the strip.

I know of only two property managers with the skill in Las Vegas.

A happy guest tells their friends & their friends, etc...and we're with in 5 hours of LA, SLC, Vegas & Phoenix.

Also, if you are a potential buyer, it would be very interesting to hear from you.We are working with a coach and have great tools for moving forward and really excited to get cranking.

This is why it is weird seeing people looking to buy coaches & mentors, yet this board has some of the best insight....for free.

Unfortunately, the club promoted Las Vegas condotels, overhyped out-of-state properties, and even some foreign real estate.

I have a friend who's starting BRRRR in Tacoma, but he has more investment capital to start and hired a real estate coach.