Rental markt in las vegas is bad

[Danushka Abeyasekera]

I am having trouble in the rental market in las vegas. I have two houses and it has been vacant for over 8 months now. Last year I had many renters, this year I have none. The house is fully furnised and I used to do airbnb, but that went to zero this year so I am looking for mid term or long tearm tennets which seem to be impossible to find as well. What is your stratergy on getting tennets. Are you experiancing the same issues. 

[Michael Robbins]

@Danushka Abeyasekera I suggest (if you have not already) walk the property again and confirm that it is 100% rent ready and shows well.  For example, when you open the door does it smell and feel clean?  Do the carpets need another clean?  Is it dusty? Is the lighting good?  After you have confirmed the showing condition of the home then take a look at the rental comps again.  Is it over priced?  You might also consider leasing the home unfurnished.  If you are going for furnished make sure the home is 100% furnished.  I have seen it where people go half-way with the furnishings and it never works out well. 

With all that being said, the market in Vegas is softer.  I noticed the turn in June-July with rentals and homes for sale.  But its not 8 months vacant soft.