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Rents still rising in Las Vegas
According to www.rentcafe.com (https://www.rentcafe.com/average-rent-market-trends/us/nv/las-vegas/), rents are continuing to rise in the Las Vegas valley. The average apartment is approaching $1500 / month, while many neighborhoods throughout Las Vegas are well over $2000 / month. As a result, many landlord’s are making sharp increases in rental rates when their properties come available or simply raise rents […]
Las Vegas Real Estate Market Continues To Rise – May 2022 Update
The Las Vegas real estate market continues to rise to unprecedented levels, setting a new record with a median price of $475,000 during the month of April 2022. Inventory continues to be limited, with many buyers ending up in a bidding war to see who ends up with an accepted offer. Of course, one of […]
Why obtain landlord insurance when owning rental property
It may go without saying, but a number of homeowners and investors do not have any type of insurance for their rental property. Of course, if you carry a mortgage, your lender will require a landlord or fire policy. This way, if a water event, fire or theft occur at the property, they know it […]
Will rising interest rates affect the rental market?
It’s no secret that interest rates have risen. In an effort to curb inflation, the Federal reserve decided to raise interest rates for the first time since 2018. As everyone knows all too well, low interest rates coupled with low available housing inventory caused the real estate market to explode and rise at record speed. […]
Rental Properties and Inflation. What should you know?
It’s no secret that homes are renting for record breaking rates. Over the last 10 years, many properties have appreciated 50-75%, forcing many renters to downsize or combine households to make their rent payments. More recently, inflation is getting the blame for much of the price hikes that are consumers are facing. How does all […]
Why overpricing your rental can actually cost you money!
Obtaining top market rent is the goal of most property owners. And with good reason – costs of owning a rental property have risen over the last few years and the increase in market value helps offset those costs. However, there is a difference between obtaining top market rent and overpricing a property. How so? […]
Should you buy a rental property?
Whether your watching home remodeling, home hunting or other home and garden shows, it’s inevitable that at some point, a rental investment is discussed. The story goes: A homeowner purchased a duplex and needs to remodel it in order to rent it and generate cash flow. That cash flow can go towards the existing mortgage […]