Real Estate Agent · Las Vegas · Member since 2019 · 14 posts · 7 votes
Hello All!
I thought I would take time and post the new rules for the City of Henderson Short Term Rental situation. If you didn't know Henderson sits directly next door to Las Vegas where Airbnb is practically outlawed!
Henderson has Major corporations such as Levi Strauss & Company, Ocean Spray, Ford Motor Credit, Toyota Financial Services, Good Humor-Breyers. The Raiders headquarters is also being built in Henderson is only a few miles south east of the strip -
Some of the New rules include:
1. Annual $820 registration fee
2. Owners will also be required to take a class
3. Pay for insurance
4. Provide proof the HOA allows (most wont allow - so property will need to be located in a HOA free neighborhood)
There are other requirements but these are the main ones. This is an exciting opportunity for investors!
Investor · Tempe, AZ · Member since 2018 · 1k+ posts · 731 votes
7y
Thanks @Rachel B. The scary part about relying on AirBNB or VRBO is the lack of control over municipalities. In a simple vote they can make your investment obsolete, unless you convert it to a long-term rental which typically produce lower ROI.
Investor · Tempe, AZ · Member since 2018 · 1k+ posts · 731 votes
7y
Thanks @Rachel B. The scary part about relying on AirBNB or VRBO is the lack of control over municipalities. In a simple vote they can make your investment obsolete, unless you convert it to a long-term rental which typically produce lower ROI.
Real Estate Agent · Las Vegas · Member since 2019 · 14 posts · 7 votes
7y
Yes I agree but that is the RISK you take with any sort investment. I think there are all types of scenarios for someone to invest in a Short Term Rental property. It could be a second home for your family and then, rent it out when you are not using it. Or someone who is in Vegas seasonally like a performer, or athlete. A traditional rental here is not a bad idea either considering the Explosive Rental market!
Rental Property Investor · Sunnyvale, CA · Member since 2019 · 60 posts · 40 votes
7y
A lot of tourist markets are starting to block STR. San Diego for example has certain areas that don't allow AirBNB. Our AirBNB even had a noise monitor that activated after 10pm!