New(ish) Member in Las Vegas, et al.

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New(ish) Member in Las Vegas, et al.

Blair Russell
Investor · Las Vegas, NV · Member since 2015 · 273 posts · 217 votes

Hello I'm Blair.

I'm just now signing up, but I've read a lot of bigger pockets materials over the years and perused the site briefly. 

Last January I quit my job to work full time in real estate investment. I've been buying and managing property with my partner for almost 4 years now, all vacation rentals up to this point. I don't think it's too much of an exaggeration to say I am a community expert in Airbnb, Homeaway,VRBO, Flipkey, etc. I'm happy to give suggestions and advice in those areas. 

On the other hand I did my first full renovation this year which was a HUGE learning opportunity. I'm here really to learn more about that, and also long term rentals and best landlording practices - two things I've not had experience in. I am open to learn about all kinds of other things though! 

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Stephanie Hardy
Las Vegas, NV · Member since 2015 · 123 posts · 34 votes
10y

@Blair Russell

Hi Blair! I was under the impression that vacation rentals weren't allowed (or something like that) in Vegas. I am very interested in learning more about that.  

Are you able to keep them pretty full? Are they all within walking distance of the strip? If not, what part of town do you think is best for vacation rentals? Do you think you net more doing the home as a vacation rental vs just renting it normally? 

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  • Mark Creason
    Real Estate Lender and Broker · Dallas, TX · Member since 2013 · 966 posts · 500 votes
    10y

    Blair,

    Where are your vacation rentals?  Vegas or somewhere else?

    Mark

    0Reply
  • Blair Russell
    OP
    Investor · Las Vegas, NV · Member since 2015 · 273 posts · 217 votes
    10y

    @Mark Creason

    Yes in Las Vegas and Boston

    0Reply
  • James Wise
    Real Estate Broker · Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH · Member since 2013 · 30k+ posts · 20k+ votes
    10y

    Welcome aboard @Blair Russell

    0Reply
  • Jacqueline Carrington
    Investor · Corona, CA · Member since 2014 · 746 posts · 372 votes
    10y

    Welcome Blair! I went to school at UNLV. Go Rebs! Lived in LV for 4 years. I would be interested to learn about your vacation rentals there as I still have friends and such contact me to get a place there when they go on vacation.

    0Reply
  • Melissa Gittens
    Real Estate Broker · Windsor, CT · Member since 2015 · 1k+ posts · 268 votes
    10y

    @Blair Russell welcome. to Bp!

    0Reply
  • Stephanie Hardy
    Las Vegas, NV · Member since 2015 · 123 posts · 34 votes
    10y

    @Blair Russell

    Hi Blair! I was under the impression that vacation rentals weren't allowed (or something like that) in Vegas. I am very interested in learning more about that.  

    Are you able to keep them pretty full? Are they all within walking distance of the strip? If not, what part of town do you think is best for vacation rentals? Do you think you net more doing the home as a vacation rental vs just renting it normally? 

    1Reply
  • Rick SantasierePro Member
    Real Estate Broker · Granby, CT · Member since 2015 · 694 posts · 317 votes
    10y

    Welcome to BP!  

    0Reply
  • Robert AdamsBusiness Member
    Real Estate Broker · Henderson, NV · Member since 2009 · 1k+ posts · 373 votes
    10y

    @Blair Russell lets connect. i am in both the Vegas as well as the MA market as well!

    [email protected]702-349-9175
    The Adams Team at Rothwell Gornt Companies4.970 Reviews
    WebsiteView Page
    0Reply
  • Blair Russell
    OP
    Investor · Las Vegas, NV · Member since 2015 · 273 posts · 217 votes
    10y

    @Stephanie Hardy

    I live in Paradise, so Clark County as opposed to Las Vegas proper which has it's  own set of strict rules. It's all very complicated but you can make it work if you're in the right area. 

    Last year we had vey good occupancy thanks to Vegas being a year round market. I also get a lot of annual returns due to conferences and events like EDC, CES, NFR. We're not in what most people would be called casual walking distance, although it's only about a mile out, but people don't really mind as long as they are close to the strip, People rightfully don't want to or need to leave the center of town - Airport, Convention Center, Strip, Downtown - so the more equidistant you can be to those the better. We net A LOT more than we would doing a traditional rental, but a lot of it was kismet at first, chose the right place at the right time.

    0Reply
  • Blair Russell
    OP
    Investor · Las Vegas, NV · Member since 2015 · 273 posts · 217 votes
    10y

    @Jacqueline Carrington Right in my part of town! I work out at that amazing new gym! Send me a PM if you want more info. 

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