Home Buying in Las Vegas>Question Details

Johnny Li, Real Estate Pro in Phoenix, AZ

where should i buy to rent it out with quality renter? some of my agent told me 89131 some suggested 89139/89148/89178/89178 (south west)

Asked by Johnny Li, Phoenix, AZ Mon Nov 1, 2010

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BEST ANSWER
Dear John,
I believe the quality of the renter is in the screening process. Coldwell Banker Has a rental service with access to the right screening resources. We take care of everything from start to finish. We help find you renters then screen collect deposits rent and follow up with them months later to ensure satisfaction.
Also have it written in your renters lease that you will be doing the occasional 24 hour notice maintenance walk through.
In addition on or between West Flamingo and West Tropicana are great areas for renting your investment property. This is where so many of your casino workers live, and these are people with a great work ethic. I hope this helps. I would love to be your agent on this one, however if you already have chosen an agent, email me and I will give you a list of some great properties in this area

Pamela Maloof
702-686-2226
http://www.pamela.maloof@coldwellbanker.com
1 vote Thank Flag Link Wed Nov 3, 2010
I'd start closer to your home zipcode and branch out from there. As a previous landlord, the quality of the tenant is only as good as the quality of the rental and the neighborhood. You need to be in a Great school district. It makes it much easier to rent. Hope this helps out. Go onto Clark County School website and look close to your home. It helps save gas in the long run.
1 vote Thank Flag Link Wed Nov 3, 2010
Hi again John,

May I suggest that at this point you need to select a REALTOR. Any one of us that have been replying can help you, they seem to be full time Real Estate professionals with experience, at least they sound like it and I know I am. Moving from out of state can be stressfull, but it truley dosn't have to be with the right resources to guide you.

I would be delighted to be that resource, visit my website to find out more.

Sia Howe, MIRM, CSP
702.205.3093
showe0611@aol.com
http://www.HomesBySia.com
Web Reference: http://HomesBySia.com
1 vote Thank Flag Link Tue Nov 2, 2010
John,

I always find the answer posted quite interesting and amusing. I have to agree with Mark, it is all about the pre-screening of tenants. I have managed properties for close to 15 years now and tenant screening is paramount. I have had many great tenants in homes and condos that were valued under 50k, 300k, and higher. I have also had not so great tenants in both inexpensive and expensive homes. The quality of the tenant is not based on the neighborhood. The tools available now for tenant screening are amazing. My suggestions would be to find a property that fits your criteria and have a licensed property manager give you the comparable rentals and other pertinent information you need to make an informed decision. I can say the areas you have listed have many great homes and condos available at very affordable prices.

I hope you find the property and tenants you are seeking. If I can be of any assistance with the management, please feel free to contact me.

Jeffrey L Sklar
RealRent
702-238-2243
1 vote Thank Flag Link Mon Nov 1, 2010
Hello John,

Those zip codes are great locations; however, I'm not sure how you define a quality renter...

Just because the area is more expensive and newer, doesn't make the renters higher quality...

I believe a high quality renter can be found in any zip code, and like some agents below stated, it's all about the pre-screening of the tenant... a high quality tenant is one that will make there payments on time, and not maintain your property proactively.

You can still buy in a nicer area and have tenants that will destroy everything... so it's all about pre-screening and checking in on the property.

As a property manager, I can tell you that homes are more in demand than condos, all over Vegas. My team manages over 200 properties, and we have tenants waiting for houses.


John, my team and I can help with any of your Las Vegas Residential Real Estate needs or questions; feel free to contact me direct.

--

Sincerely,

Mark D Fleysher, MBA, Broker, REALTOR
The Jack Conley Realty Group
C. 702-291-8186 F. 702-946-0843
1 vote Thank Flag Link Mon Nov 1, 2010
Hello John,

Quality location helps but properly screening your tenant is key. There are literally a couple dozen zips that would be considered quality areas. This is where a REALTOR with experience in our Las Vegas Valley will be invaluable.

If you would like more details on what are highly sot after rental properties feel free to contact me. I have a lot of experience in helping tenants find rentals so I know what they are looking for and I know how to screen them.

Best Wishes,

Sia Howe, MIRM, CSP
702.205.3093
showe0611@aol.com
http://www.HomesBySia.com
Web Reference: http://www.HomesBySia.com
1 vote Thank Flag Link Mon Nov 1, 2010
Hi John,

I agree, that a "quality neighborhood" will help. However, you either have to obtain the services of a "quality property manager" or do an excellent job of screening your tenant.

In any event, there are no absolute guarantees no matter which way you go. If you care to discuss further, I will be happy to five you some ideas.

Happy Hunting!

Regards,

Steve Turman
1 vote Thank Flag Link Mon Nov 1, 2010
Hi John,
Quality renters will usually be found in the "quality" neighborhoods. A good choice therefore becomes Summerlin or any of the many planned communities that are stable and have amenities to support the residences. Of course, your price range will have an impact on what neighborhood you can purchase in, but I have seen rentals sell in the $120s even in superior communities like Summerlin.
Regards,
Kenneth Lowman
Broker/Owner
Luxury Homes of Las Vegas
1 vote Thank Flag Link Mon Nov 1, 2010
My goal is to find an investment house that I can get a positive cash flow at a minimum $1300 a month rent.
This $1300 a month assumes a non-owner occupied 5.25% interest rate with 20% down, homeowners, taxes and property management. Property managers are my best source for houses that rent easily, with the highest potential rent and the best qualified renters

David Cooper 702-499-7037
http://www.lasvegaswinner.org
0 votes Thank Flag Link Sun Nov 28, 2010
John, if you're still looking for a property, I have a property that comes complete with a tenant buyer and great cash flow. Email me for details.
0 votes Thank Flag Link Mon Nov 15, 2010
Hello John

For a Free List of Bank owned, REO, Distress Sale, Government homes rental properties in Las Vegas with excellent ROI and guaranteed rent.

Free MLS list of hot properties, and you are never obligated to anything Please visit http://www.freelasvegasrealestate.com

Thank you for the opportunity

Alex Natour
702-595-7338
0 votes Thank Flag Link Sun Nov 7, 2010
Hello John,

Not not sure what you are looking for in detailed community info. Those zip codes include dozens of 'communities'. Real Estate values and statistics we all have access to and can send them via e-mail if you provided us your e-mail. Are you looking for hospitals, schools etc?

You are right these zips do have some of the best price per square foot values, as well as many newer homes. My experience is that renting nice properties here is good.

Sia M. Howe, MIRM, CSP
Prudential Americana Group, REALTORS®
10777 West Twain Avenue, Suite 333
Las Vegas, NV 89135
Cell: 702.205.3093
Fax: 702.317.3903
http://www.HomesBySia.com
Web Reference: http://www.HomesBySia.com
0 votes Thank Flag Link Thu Nov 4, 2010
Anyone give me a detailed community information on 89129 89130 89131 areas ( the northwest region of LV)
thanks in advance.

I noticed that the houses in the areas are relatively bigger and cheaper...goood or bad for renting?
0 votes Thank Flag Link Thu Nov 4, 2010
Southwest Las Vegas & those zip codes are my personal favorites. Right now we are seeing rental prices soften a bit due to the amount of investors purchasing in the valley. A rental comp today may not be the same in six months or a year from now.
0 votes Thank Flag Link Wed Nov 3, 2010
Good Morning John... These are all great areas and zip codes to invest for a rental property. Prices are so low and inventory is up so it would be a great opportunity to take advantage of the Las Vegas market right now. You would definately have a positive cash flow on anything you purchase after expenses. Please contact me or text me @702-768-8444 or e-mail me with questions you might have about the LV market. I'm a 34 yr. resident and have been selling here since 1991.

Thank You for your business,

Monk Boyer
Realty Executives of Nevada
1903 S. Jones #100
LV, NV. 89146
702-768-8444 (cell)
http://www.monkboyer.com
monkre@aol.com
Web Reference: http://www.monkboyer.com
0 votes Thank Flag Link Wed Nov 3, 2010
Dear John,

Southwest is always a good area for casino worker's, one tip is specifically find out how long they have been on their job, my company coldwell banker will handle all your renting needs if you want them too. I would suggest a town house due to banks not wanting to give loans on condo's. I have so much more advise to give you, call me tomorrow afternoon.

Pamela Maloof
702-686-2226
http://www.pamela.maloof@coldwellbanker.com
0 votes Thank Flag Link Tue Nov 2, 2010
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