Las Vegas has always been a lucrative rental market for real estate investors, even those who live outside of the area. If you’re thinking about purchasing investment property in Las Vegas, you’re making a wise decision.
However, if you’re not living in the area yourself, investing here can feel like a bit of a risk. When you live out-of-state, it’s hard to know whether your tenants are treating the property well or if it’s in good condition. You might worry about unreported maintenance or lease violations.
Being an out-of-state investor makes professional Las Vegas property management critical. You’ll want to work with a management company that’s local and experienced. Here’s our advice: find someone who has spent years working with owners who live out of the state or even out of the country. Make sure they have great technology. Before you hire them, talk about how they’re going to protect your property.