Every real estate investor aims to find the best place for rental properties. As Airbnb rentals are becoming a more and more popular real estate investing strategy, many investors are interested in them.
In order to determine the best locations for short-term real estate investing, you need to consider the Airbnb cap rate and Airbnb cash on cash return as well as the potential Airbnb rental income. In order to explore the real estate investing market, you might choose to use the Airbnb profit calculator.
What if I tell you this blog will present you with one of the best places for Airbnb rentals? In this way you will only need to use the Airbnb profit calculator in order to find the only the best properties for Airbnb rentals in this location rather than the most profitable locations.
Are you looking for a hot real estate investment? Have you thought about Airbnb Las Vegas? You got it right, buying rental property in Las Vegas shouts for success.
In this blog, we will reveal why. We will do so by exploring the Las Vegas housing market. In addition, it will become clear why Airbnb Las Vegas is the optimal rental strategy for the city. Last but not least, we will discuss in which neighborhoods it is the best to finance a Las Vegas rental property investment.
So, let’s get started. If you are willing to find out other great locations to invest in Airbnb rentals, make sure to read our blog “10 Most Profitable Airbnb Locations for Cash on Cash Return”.
The Las Vegas Housing Market
Every successful real estate investor knows that the Las Vegas housing market is the right place to invest in for each type of rental strategy. This is due to the fact that the population in the city has marked a significant growth compared to the previous year.
Moreover, as more and more people seem to move in the city, there is a bigger need for traditional rentals. Further, as the economy of Las Vegas develops, there is a huge number of new job positions offered. As you can imagine, this attracts even more people to live in the city.
The development of the market has an impact on Airbnb Las Vegas as well. It is not a secret that Airbnb Las Vegas has been constantly increasing in popularity. This might be explained as the city acts like a magnet to both domestic and international tourists. A large number of travelers stay in Las Vegas every year.
An additional benefit of Airbnb Las Vegas is that there is no off season when it comes to tourism and short-term rentals. The city is known as the Sin City not only of the United States, but of the entire world. There are numerous attractions and luxurious entertainments. The countless number of casinos and night clubs is another reason people go there.
Let’s also mention the numerous events held in Las Vegas throughout the whole year. As you can imagine, Airbnb Las Vegas is developing at a high speed, so you better go ahead and invest there.
Airbnb Las Vegas Laws and Regulations
When thinking of buying a Las Vegas investment property and renting it out on the Airbnb Las Vegas market, it is important to check the laws and regulations that apply to the Airbnb investment property you chose in the city.
Needless to say, in order to be making money in real estate, you need to be consistent with the local regulations and stick to them. When we speak about Airbnb Las Vegas, it is important to know that it is legal to operate as an Airbnb host in this city. However there are a couple of thing you will need to keep in mind:
Rental Permit Requirement
Airbnb rentals in the area need a special rental permit in order to legally operate in the field. Such a permit is issued per Airbnb investment property. This means that if you buy a property from an Airbnb real estate investor who already has the document, you can simply use it, without the need of requesting a new one.
You need to obtain a business license in order to legally operate in the Airbnb Las Vegas field. So, make sure that is one of the first things you do after investing in a Las Vegas investment property.
Different zones in the city have different requirements. These regulations may apply to the characteristics of the property or the way it is operating.
There are different taxes that apply to short-term rentals in the city of Las Vegas. Make sure to check which ones apply to you. Do not forget to include these as potential expenses when creating your budget plan.
Make Your Own Research on the Topic
Even if we tried to be as specific as possible, there are some rules that apply to specific cases. That is why we advise you to make your own research and explore all the possible regulations that might apply to you. That is the only way you will be able to grow your Airbnb Las Vegas investment business successfully.
Where Can You Find the Best Las Vegas Investment Property?
As a real estate investor, you are probably wondering where to invest in Airbnb Las Vegas. The truth is that the Las Vegas housing market is developing so well that you can hardly make a mistake.
Nevertheless, in order not to risk losing your financial assets when buying a Las Vegas rental property investment, we will help you find the best Airbnb rentals in the city. Here are the top three neighborhoods for Airbnb Las Vegas investments.
1. The Strip
- Las Vegas Median Home Price: $ 258,888
- Airbnb Rental Income: $ 1,890
- Airbnb Cash on Cash Return: 3.98%
- Airbnb Cap Rate: 3.98%
- Airbnb Occupancy Rate: 56.47%
2. Rancho Charles
- Las Vegas Median Home Price: $ 239,900
- Airbnb Rental Income: $ 2,575
- Airbnb Cash on Cash Return: 6.6%
- Airbnb Cap Rate: 6.6%
- Airbnb Occupancy Rate: 56.43%
3. Michael Way
- Las Vegas Median Home Price: $ 199,999
- Airbnb Rental Income: $ 2,151
- Airbnb Cash on Cash Return: 7.65%
- Airbnb Cap Rate: 7.65%
- Airbnb Occupancy Rate: 59.32%
Even though you know where to find a successful Las Vegas rental property investment, make sure to use the Mashvisor’s Airbnb profit calculator. This real estate investing tool will help you in buying rental property in Las Vegas with an ease.
Additionally, you can use it as a guide towards finding the best Las Vegas investment property for a short-term rental strategy. If you are interested in learning more about Airbnb investments, you can read our blog “What Kind of Airbnb Occupancy Rate Can You Expect?”.
To start looking for and analyzing the best investment properties in your city and neighborhood of choice, click here.