I am looking to buy a potential Air bnb property in Las Vegas and have a few questions.
1. I was told only Henderson was accepting new short term rental applications. Is this true?
2. Are there any properties in Las Vegas underwritten for short term rentals? Or grandfathered in?
3. I’m looking to buy a 2 bedroom 2 bath condo with my mom living in one bedroom and air bnb the second bedroom, would this be profitable in Las Vegas?
Real Estate Agent · Las Vegas, NV · Member since 2020 · 459 posts · 305 votes
2y
The majority of Airbnb properties in Las Vegas are illegal and some owners have been fined very large amounts.
I would make sure you run the numbers for multiple different income models ( mid term, long term, rent by the room) before purchasing a property for an airbnb.
The majority of Airbnb properties in Las Vegas are illegal and some owners have been fined very large amounts.
I would make sure you run the numbers for multiple different income models ( mid term, long term, rent by the room) before purchasing a property for an airbnb.
Thank you for your response! I will look at all the different models as well.
Investor · Las Vegas, NV · Member since 2013 · 8k+ posts · 10k+ votes
2y
Pretty sure you must be living in any Las Vegas STR units as your primary home while it's rented out. You could try NLV but it's a pretty bad idea in LV. Try MTR or another market.