It depends on a variety of factors including comparables of current inventory and recently (last six months) rented homes. It is costly to have a vacant home versus generating some income, but don't drop so much significantly. You can try offering a different incentive such as 2nd month free on 12 months lease to entice potential renters. I am available to help you list your home and get it leased as soon as possible. www.mylasvegasrealestateaccess.com - Rakeisha, Realtor... more
There is, it usually doesn't raise the rent $ amount by much though. Usually people who are moving from outside of Las Vegas look for furnished condos and high rises. Email me and I will get it rented out for you.
A releif for you or not is that a short sale is everything but short, and when they finally get an approval it will take about 30 days to close. Considering you have a lease, your lease goes with the house, and the buyer buys it. The buyer buys your tenancy, and has to honor the contract, you signed it to protect you and the landlord. If you are on a month to month, they can give you a 30 day notice.
Timeline wise, The fastest short sale approval I obtained took 3 weeks, the longest 5 months.
There are a million variations, but these are the basics.... more