Kasco Property Management
The Kasco team has more than 60+ years of combined experience in professional property management and specializes in multifamily, residential, and commercial property management.
With an estimated 641,903 residents, Las Vegas is the most populous city in Nevada. It also serves as the seat of Clark County. Las Vegas, sometimes referred to as simply Vegas, is known for many things, including its active nightlife scene, entertainment, gambling, fine dining, and shopping. Because of these, Vegas has earned many nicknames, ranging from “Sin City” and “The Gambling Capital of the World” to “The Marriage Capital of the World” and “The Entertainment Capital of the World.”
Sin City is perhaps most famous for the Las Vegas Strip, which is a boulevard lined with countless hotels, resorts, and casinos. However, Las Vegas also has a thriving arts and culture scene. It is home to notable facilities such as the Neon Museum, the Mob Museum, the Las Vegas Natural History Museum, and the Nevada State Museum. The Downtown Arts District also sees a high concentration of art galleries. It is also the location of the Las Vegas Film Festival.
In terms of sports, Las Vegas is home to three major sports teams: the Las Vegas Raiders (NFL), the Vegas Golden Knights (NHL), and the Las Vegas Aces (WNBA). Other points of interest include the Red Rock Canyon National Conservation Area, the Bellagio Fountain, the Fremont Street Experience, the Shark Reef Aquarium at Mandalay Bay, and the Discovery Children’s Museum.
Considering the number of tourists Las Vegas draws in, its rental market is certainly attractive to property investors. Real estate is relatively more expensive but not as much as many would think. The median listing price for a home in Sin City is $259,800, only 14% above the national median. Vegas also has a high percentage of renters, accounting for 47.3% of its population.
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Additionally, landlords can charge above-average rent in Las Vegas. The median rent in 2019 was $1,187, whereas the national median was $1,097 in the same year. Rent has also been crawling its way up since 2013.
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Beyond that, Nevada is a fairly landlord-friendly state. There are only a handful of laws that restrict rent increases, and mandatory disclosures are few as well.
Landlords must balance a mountain of work to ensure their rental property operates smoothly. Typically, though, landlords have insufficient time or expertise to manage their rentals smoothly. Others simply aren’t interested in rental management or live far from their rentals.
Enter a Las Vegas rental management company. With professional assistance, landlords in Las Vegas can breathe a sigh of relief knowing all their management needs will be met. While no two companies offer the exact same services, you can generally expect a rental management company to do the following for you:
Las Vegas is a big city with several rental management companies. With numerous options, the search process can be overwhelming. Rental Choice aims to make it easier for landlords everywhere with our comprehensive online directory. Browse our database for the best property management companies by area. Get started on the right track today!