Las Vegas STR investors - any tips?

Question

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!

Does anyone have experience with LV STRs?

Thanks!

Michael Kotyk · Answer

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

Michael Robbins · Answer

@Lesley Martin I manage some furnished rentals in Henderson where the shortest lease term is 30 days.  I have been hesitant to buy or manage anything with airbnb in mind due to the fact the laws appear to be a moving target.

Stephen DeThample · Answer

If you check the dates of license issued, there are none for 2022.

Jordan Murrell · Answer

Hi there,

They're not technically illegal here in Las Vegas. You have to apply for a short term rental license. There are a few guidelines you'll have to comply with for the city to approve your property.

Here is the link to review and go through the laws that Las Vegas has in place.

https://www.lasvegasnevada.gov...

Let me know if you need any help!

Stephen DeThample · Answer

In Las Vegas, they are still illegal. In Henderson, they are regulated by the city. Las Vegas is working on the rules currently. We will see in July if they get anything out.

Stephen DeThample · Answer

There are 12,000+ so they are overwhelmed by it. They get a few, but not many.

Lesley M. · Answer

Do You mean that STR’s are illegal? How are people getting away with having them listed on Airbnb? Thank you in advance

Las Vegas STR investors - any tips?

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