All Forum Posts by: Phillip Dwyer

@Shabar Marshall It's worth noting that there are HOAs with single family residential communities too. Actually most stuff built after the late '80's has some sort of HOA in the Vegas metro. I've seen several that have rental restrictions, so you may run into this when looking at the single-family product. Like others have stated, ask your agent to look into this before writing offers. You would think the listing agents would look this stuff up prior to putting the house on the market, but sometimes they could have bad or old intel.

@Mohit Arora You should probably check your state landlord/tenant laws before deciding what your options are.  

Additionally, you may want to consider hiring a local expert moving forward to help mitigate these issues.

Have you thought about buying a 1 bedroom condo that's not in one of these towers?  The cost would be a lot less to acquire and the monthly expenses would be considerably less too.  At that point, maybe you just use it as your residence and not rent it out at all.  It might be a wash cost wise with much less risk and cost, and it would be a lot easier to sell later.  

@Jay Hinrichs thanks for sharing that video.  It's good to know we have resources!!

@Devanand Ramachandran It sounds like you should hire a local property management company that specializes in the area and property type.  Check out NARPM.org for a list of the local members.

@Mehdi Hamid Here's a list of ways to connect:

1.  Look up members on Bigger Pockets that are in your community.  Reach out to them to network.

2.  Search online for local real estate investor meet ups to attend.

3.  Reach out to local property managers

4.  Reach out to local real estate agents working with investors

Best and easiest are terms that don't always work together.

@Lourdes Delmo Moore

Have you tried to put yourself in a potential tenant's shoes?  Try googling 
"houses for rent in Las Vegas".  You'll see a bunch of property portals pop up.  That's probably where you should start.  Otherwise, I recommend hiring a property manager.

@Kieran Dowling   Your local apartment association probably puts out data on that.  There may be other third party data providers that you can subscribe to for your target market.  

 If those 3 data sets are all trending in one direction in a significant amount over a decent period of time, one could gather there may be opportunity or the opposite.  At the very least the big move in the data should spark a need to dive deeper.