Looking to buy a STR for Airbnb in Las Vegas
Is anyone in that market?
Hey Brandon! Just curious, are there any Short Term Vacation licenses required? Here in Savannah, GA the city only allows 20% of homes to be listed on AirBnB and you have to have one of those licenses. The wait list is crazy long. Might be something to look into if you haven't already :)
We ran a very successful short term rental house hack in Las Vegas for 6 years until the regulations finally shut us down.
It's not the most short term rental friendly city.
The Las Vegas valley is made up of the City of Las Vegas, City of North Las Vegas, City of Henderson, and Unincorporated Clark County (most of the Las Vegas Valley).
- Unincorporated Clark County - It is illegal under Clark County Code 30.44.010(b)(7)(C) to rent residential property for fewer than 31 days in unincorporated Clark County. If you have evidence a property is operating a short-term rental in violation of the Clark County Code, please complete and submit this form and include additional supporting documentation. Discussions are in the works to legalize it and regulate it, but I have my doubts it will ever happen.
- City of Las Vegas - Short-Term Residential Rentals are limited to owner-occupied homes that are three bedrooms or less, are at least 660 feet from another short-term rental, and must comply with licensing, noise and parking regulations. All conditions must be met, no waivers or deviations are allowed.
- City of Henderson - Any property owner intending to operate a short-term vacation rental within the City of Henderson must register with the City of Henderson on an annual basis and comply with the following City of Henderson STVR regulations.
- City of North Las Vegas - The City of North Las Vegas adopted Ordinance 3040 (Short-term Rentals) on October 21, 2020. The ordinance will allow for the operation of a short-term rental with the approval of a Conditional Use Permit (CUP). The applicant must receive an approved Conditional Use Permit (CUP) prior to applying for a business license. During the first sixty (60) days (October 21, 2020 to December 20, 2020), the applicant must provide proof of ownership of the residence for at least one (1) year prior to the adoption of the ordinance.
Would you consider Reno @Brandon Leffler ? STR‘s are still allowed although they are putting some restrictions in place such as annual licensing, etc. There's also a huge market in incline Village of North Tahoe, however, pressure is on by locals to tighten that up.
I worked with about 200+ people over the course of 3-4 years who tried to purchase a vacation rental investment property in Las Vegas. Not a single one of them was successful because of the county restrictions. It can be done, but it's just not something I would recommend someone pursue because of the county/city short term rental restrictions. *Also, doesn't help that the casino industry there has some lobbyists to make sure their market share is protected.