All Forum Posts by: Stephen DeThample

Sorry for your loss. It’s a big decision. Since you’re a real estate agent, you know your options. Just make sure to run the numbers and think long term. 

Run the numbers for all possible scenarios. It’s the only way of knowing what will be best. It’s much harder to run them in the middle of deals.   If you do it before, there will be less surprises. House hacking in Las Vegas is good, but it is usually in a single-family residential home as roommates. 

It depends on your budget and goals. If you give details, you’ll get better information. 

Usually less drama to have your own. 

Unfortunately, the rental price makes it hard to keep.  Unless you’re OK paying me extra each month. Is the $600 for repairs a yearly expense?  $200 monthly should cover most repairs on a 10 year old home. Las Vegas is gentle on home exteriors. 

Yes, currently rates are the determining factor. Are you looking for cash flow or long term appreciation? 

It’s tough here for non rent by the room house hacks. The city planning didn’t allow many multi family options except apartments. I’ve seen a few garage conversions, but you really want your garage when it’s hot here.  Casitas blow out the affordability, next gen’s are sort of the same. 

Quote from @Cassandra Karn:

So excited to be part of this group. I'm looking for advice from any investors that own fourplexes triplexes  in Las Vegas. There's an opportunity for a triplex that I'm excited about off the strip. Wondering how easy it is to rent these units and how often they are vacant if the tenants are on a month-to-month lease. Can anybody give me some real world advice? I appreciate your time.

Most of those questions will depend on location and how nice the units are.  Better locations and refurbished units usually have less turnover and vacancy.  Most places start with a one year lease and go month-to-month if you choose.

Welcome to Biggerpockets 

Quote from @Reilly Brown:

Hello fellow investors, professionals, etc.

I am looking for a real estate agent who can help me find a STR in the North Las Vegas area. Ideally the agent would specialize in STR (short term rentals), and have a few of their own.

Thanks, appreciate all suggestions!

https://www.cityofnorthlasvegas.com/business/short-term-rent...

Start with this.  You have to own the unit before you can apply.  No guarantees you get the approval even if you meet all the criteria.