vpFREE2 Forums

XVP - Renting a condo in Las Vegas

#1

The 3-bedroom fully- and nicely-furnished condo next to us (in Opulence -
one mile west of the Orleans) is for sale. Someone I know is interested in
buying it to use several times a year until they retire in a few years. In
the meantime, they wonder about renting it out for long-term stays, i.e.,
for 1-4 months. Brad and I would take care of screening renters and looking
after it.

This person has some questions that perhaps people who have had experience -
either in having such a rental in Vegas or actually doing long-term
rentals here - might have some answers:

What do rentals like this charge per month?
Has anyone done this and written off several trips a year to Vegas to check
on their property - and been audited and survived!!!!

Any answers or advice you might have could be written to me privately and
would be very much appreciated.

Thanx!!

···

____________________
Jean $cott - "The Frugal Gambler"
Order autographed book, cassette tape, and the new
   Frugal VP software at http://www.frugalgambler.biz
Read Frugal Fridays at http://www.lasvegasadvisor.com

#2

Hi, I don't know the answers to your questions, but I might be
inteterested in renting the condo for a while. Thanks, Lisa

#3

I'll put your name on the list of people who might be interested in renting the condo if my sister does decide to buy it - probably not until March or April.

···

____________________
Jean $cott - "The Frugal Gambler"
Order autographed book, cassette tape, and the new
   Frugal VP software at http://www.frugalgambler.biz
Read Frugal Fridays at http://www.lasvegasadvisor.com

[Non-text portions of this message have been removed]

#4

-Jean, Although I haven't delt with LV properties, I do lease out
property in Nashville. A rule of thumb is 1% of the selling price of
the property. Now this is for yearly unfurnished. I would think that
between 1% and 1.2% may be reasonable. Also, some of the "Time
Share" management companys may be able to quote you what they get for
some of their properties. Good Luck, Nashville Rich

The 3-bedroom fully- and nicely-furnished condo next to us (in

Opulence -

one mile west of the Orleans) is for sale. Someone I know is

interested in

buying it to use several times a year until they retire in a few

years. In

the meantime, they wonder about renting it out for long-term stays,

i.e.,

for 1-4 months. Brad and I would take care of screening renters

and looking

after it.

This person has some questions that perhaps people who have had

experience -

either in having such a rental in Vegas or actually doing long-term
rentals here - might have some answers:

What do rentals like this charge per month?
Has anyone done this and written off several trips a year to Vegas

to check

on their property - and been audited and survived!!!!

Any answers or advice you might have could be written to me

privately and

···

-- In vpFREE@yahoogroups.com, "Jean Scott" <queenofcomps@l...> wrote:

would be very much appreciated.

Thanx!!

____________________
Jean $cott - "The Frugal Gambler"
Order autographed book, cassette tape, and the new
   Frugal VP software at http://www.frugalgambler.biz
Read Frugal Fridays at http://www.lasvegasadvisor.com