Las Vegas STR investors - any tips?

[Lesley M.]

Hi there. My boyfriend and I are interested in investing in short term rental(s) in Las Vegas. Our intent is for both investment and personal use. I have read that the STR market is tough in LV because of the local jurisdiction. We would like to talk to someone with extensive knowledge of the market and STRs.

Does anyone have experience with LV STRs?

Thanks!

[Michael Kotyk]

This is the part that will stop most:

A short-term residential rental requires a Conditional Use Verification (CUV).
Effective December 5, 2018, a short-term residential rental may be allowed to operate as a conditional use, provided it meets the following standards:
1. Must be owner occupied.
2. Have no more than three bedrooms. The number of bedrooms is that shown on the Clark
County Assessor’s records.
3. Be at least 660 feet from any other short-term residential rental
4. Be in a location that allows short-term residential rentals

Permission from HOA