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Nevada: The Silver State
Nevada has an estimated population of 3,104,614 residents, with most of its citizens residing in Clark County. Carson City functions as its capital, whereas Las Vegas remains its largest city. It is also the ninth least densely populated state in the nation.
Nevada is widely known for its gambling industry. In fact, Las Vegas, which boasts one of the highest concentrations of casinos, is dubbed "the Gambling Capital of the World." Other nicknames for it include "the Entertainment Capital of the World" and "Sin City." Lake Tahoe, Reno, and Laughlin, well-known resort areas, are also popular vacation destinations.
Of course, that doesn't mean Nevada doesn't have anything else to offer. On the contrary, the Silver State is also famous for its arts and culture scene. Some of the museums located here include the Nevada State Museum
, the Nevada Museum of Art
, the Neon Museum
, and the Mob Museum
. There are also a number of performing arts companies in the state, such as the Western Nevada Musical Theatre Company
, the Nevada Ballet Theatre
, and the Las Vegas Philharmonic Orchestra
Sports also play a major role in the culture of Nevada. It is home to professional sports teams such as the Las Vegas Raiders (NFL) and the Vegas Golden Knights (NHL). Other than that, Nevada boasts many nature-related attractions like the Humboldt National Forest
, Great Basin National Park
, Ash Meadows National Wildlife Preserve
, and Death Valley National Park
Colleges and universities located in the state include the University of Nevada, Reno
, the University of Nevada, Las Vegas
, Great Basin College
, and Nevada State College
. Other attractions include Hoover Dam
, Red Rock Canyon National Conservation Area
, Valley of Fire State Park
, the Bellagio Fountain
, and the Las Vegas Strip.
The State of Nevada's Rental Market
Nevada has a large rental market. The median sale price
for a home in the Silver State is $399,000, representing a 19.5% year-over-year change. Interestingly, almost half of the state's population are renters. To be specific, 43.7% of the residents in Nevada rent their homes.
Image via towncharts.com
In addition to a wide pool of renters, Nevada is attractive to property investors because of high gains. The median rent in 2019 was $1,168, which surpassed the national median of $1,097 at the time. Rent has also been steadily rising since 2013.
Image via deptofnumbers.com
As if these things aren't enough, Nevada is also considered to be a decently landlord-friendly state. Restrictions are few and far between, and landlords generally have more room to breathe when it comes to disclosures.
Why You Need a Nevada Property Management Company
Nevada is already overflowing with rental properties, and its thriving rental market will no doubt draw in more property investors. Although this is definitely a good way to earn income on the side, not everyone has the time or expertise necessary to successfully operate a rental property.
As a landlord, you have to balance a plethora of tasks, including but not limited to:
You also need to pay property taxes, handle your budget, and file evictions when circumstances require it. Overall, it is hard being a landlord.
This is where a Nevada rental management company can help. A professional company can assign you a property manager who will take care of your rental unit or home. They will be the one to manage all of your duties as a landlord, thus, alleviating your stress and troubles.
- Listing your property for rent
- Finding tenants
- Screening tenants
- Showing your property to prospects
- Writing a lease agreement
- Enforcing your lease terms
- Conducting property inspections
- Ensuring your property is properly maintained
- Making necessary repairs
- Fielding tenant concerns
Find Property Management in Nevada
Are you a property owner or landlord in Nevada and looking for someone to lighten your load? Rental Choice is a great place to start your search. Property owners all over the country use our online directory to find a property management company that fits their needs. Start using it yourself today!