Home Buying in Las Vegas>Question Details

johncook62, Home Buyer in Las Vegas, NV

If I want to buy a rental property in Las Vegas, is there a way (e.g. website) to determine what rent a particular proporty might bring in?

Asked by johncook62, Las Vegas, NV Thu Feb 16, 2012

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38
The "best" info on how much a home will rent, is to call a few property management companies. They are much more realistic current source. Rens change like the stock market. You need to know what is happening today



DAVID COOPER Investor with a Buyers Agent License at Since 1917 Realty 702-499-7037
Follow us on Facebook: http://www.facebook.com/davidcooper.lasvegas
Any Questions: Twitter Me: http://www.twitter,com/lasvegaswinner
0 votes Comment Flag Fri Apr 27, 2012
You can get an estimate of what you can get per month in rent revenue by using zillow.com and typing in the property's address. This is not a complete accurate amount, it just gives a ballpark of what you could get per month in rent.

Hope that helps,
Blake
0 votes Comment Flag Fri Apr 27, 2012
Yes, hire me!
I specialize in investor properties and property management. I work with the owner of Souza10.com, Jim Souza, and we truly are a turnkey investor service. I search daily to find the best deals, go in and give honest and accurate condition reports, handle all the repairs and get renters in the property as soon as possible wasting no time. We have online account management tools that shows you when the rent was paid when it’s deposited into your account with detailed descriptions of all expenditures. I would recommend you use an agent and broker that specialize in investment property and property management. Other company’s say they have “investor services” and hand you reports and data sheets but they don’t do it all from start to finish they end up handing you off to someone else for the most important part of your investment the maintenance and management of your investment ( the part that makes your money ).
I purchased my first property when I was 21 with $500 down and have been buying and selling residential and commercial property most my life, trust me you don’t want to learn the hard way about “who to work with” when it comes to long term investment real estate.
Jerry Stepke
Souza10.com Realty
7780 S Jones Blvd. Ste 104
Las Vegas NV 89139
Direct (702) 808-4888
jerrystepke@yahoo.com
0 votes Comment Flag Thu Apr 26, 2012
Don't forget the vacation rental aspect of the home. We get $60 a head per night in New Braunfels, Texas.
We manage over 50 waterfront properties. A1 Vacation New Braunfels & Realty
Web Reference: http://www.A1VacationNB.com
0 votes Comment Flag Sun Mar 4, 2012
Very simple. Contact an agent and ask him/her to run you a rental comp. Should be able to do the while on the phone.
0 votes Comment Flag Thu Mar 1, 2012
Under John Cook 62 is the catagory "home buyer" . A home buyer asking for a " rental property"is requesting more info on a single family home, where investors are making 16% to 20% ROI, and can get in for 10% down
. When you "live and breathe" Las Vegas Real Estate, and your knowledge and skill of the Las Vegas market determines your income, you know exactly what John is asking.

DAVID COOPER

BANK-OWNED FORECLOSURE HOUSES with 10% DOWN for INVESTOR see WEB
0 votes Comment Flag Tue Feb 28, 2012
David
I do put my listings on Craigslist with a virtual tour, so I know its value. My point is to put a wet finger in the air to measure rental rates based on craigslist primarily seems to ignore listed residential rentals active and rented. Apartment buildings, yeah, but detached single family and townhome rentals done up in a normal rental CMA answers John cook's question.
0 votes Comment Flag Tue Feb 28, 2012
John from Libertville, Il. You are mistaken about the power of cragslist for Las Vegas.
I own now and have owned in the last 35 years over 40 properties in Las Vegas, NV. I am involved with a property management team that places ads on Craigslist along with MLS and a number of other services.
Craigslist today has over 400 new rental listings, and 90% of them are from licensed real estate brokers and real estate companies here in Las Vegas. They are legitimate rental agencies looking out for their clients

The wind chill factor in Las vegas today was +60 degrees. Are we above freezing in Ill tonight?
Why wouldn't everybody want to escape the dreaded Chicago winter?
0 votes Comment Flag Mon Feb 27, 2012
I would suggest contacting a reputable agent or property management company in Las Vegas. You should have the agent provide you with a CMA along with other detailed information including the market conditions in the particular location of the property.

Best Regards,

Adrian Provost
0 votes Comment Flag Mon Feb 27, 2012
OK David
I am mistaken to think anyone would want to hijack a for sale listing in Las vegas. Heck, who would want to live there anyway. I have had two listings in the last year and all of my active colleagues find their listings for below market rent from out of the country frauds that want wired deposits before seeing the house. Doesnt your local MLS reflect rental actives and closed? Isnt that the best way to see what a 3BR home actually rents for by doing a rental CMA?
0 votes Comment Flag Sun Feb 26, 2012
I would recomend craigslist or and looking up some of the larger property management's websites in that particular area.
1 vote Comment Flag Fri Feb 24, 2012
"Craigslist has a lot of highjacked listings for sale"
Gee! A broker from Libertyville, ILL knows more about the Las Vegas Rental Market than the professional real estate agents that live and breathe Las Vegas Real Estate every day for their income.
I own and mange rental houses for 35 years in Las Vegas, and I use Craiglist as one of my most valuable sources for renting my homes, and finding the going rental asking prices for similar homes that I want to buy and invest in.

DAVID COOPER

BANK-OWNED FORECLOSURE HOUSES with 10% DOWN for INVESTOR see WEB
0 votes Comment Flag Fri Feb 24, 2012
A local agent you use to buy a property can do a rental CMA and cash flow analysis. Craigslist has a lot of highjacked listings for sale, faked as a rental by crooks that are ministers in Africa. Zillow is good too for your own searching for rentals.
0 votes Comment Flag Fri Feb 24, 2012
As a "seasoned" experienced investor, Craigslist happens to offer the most up-to-date asking prices for rentals of any website I know of, and I know them all. These are thje active, ready to be rented houses and condos that agents and investors need to rent today. Over 400 new listings daily. And that's where most new tennants look for their rental homes.

DAVID COOPER PROFESSIONAL BUYERS AGENT - INVESTOR - SALES ASSOCIATE - PROPERTY MANAGER
at SINCE 1917 REALTY with 35 YEARS EXPERIENCE

BANK-OWNED PROPERTIES in GOOD NEIGHBORHOODS. INVESTORS WELCOME
0 votes Comment Flag Wed Feb 22, 2012
I would personally look up all the local properties currently for rent in that area take rent,bed, bath, and sqft into account. This will give you a better understanding of how much a certain size estate will bring you rent wise. If you hire a brokerage to list your estate for rent you can normally have a one time listing fee . Typically once they find a tenant you will have to pay the referring agent 30% of the first months rent.
0 votes Comment Flag Wed Feb 22, 2012
The best way to get an accurate answer is to contact a broker or property management company in the Las Vegas area. Don't rely on the internet. It is full of misleading information.
0 votes Comment Flag Wed Feb 22, 2012
I agree with many of the previous comments- Zillow gives you a ballpark idea of any address you input. You would want to then reach out to us to conduct a comp search on the actual subdivision to verify the rental amounts are correct as zillow is a range and is based on a broader view of the areas and actually admits to a 10% higher or lower variance in comps-
So as far as a website for you to conduct quick determination- Zillow- and if you then want a confirmation- ME:)
Web Reference: http://www.mayteamlv.com
0 votes Comment Flag Tue Feb 21, 2012
I have several rentals and always post them on Craig's List. I think this is an excellent way to get a feeling for value. Be aware that if the rent seems very low and out of line compared to others, it may be a scam. They are rampant on Craig's List.
1 vote Comment Flag Tue Feb 21, 2012
I check Las Vegas Rentals on Craiglist every day to see the up-to-the moment asking prices of 300 to 400 active listings. The rental market is dynamic and changes occur with each new offering. Looking back over what has occured can misguide you into future rental projections. I believe in the Power of what is happening NOW.

DAVID COOPER. BUYERS AGENT - INVESTOR - SALES ASSOCIATE - PROPERTY MANAGER
Since 1917 Realty 702-499-7037

FREE LIST OF BANK-OWNED FORECLOSURES. See Website
0 votes Comment Flag Mon Feb 20, 2012
The report you're looking for is a list of properties in the same subdivision that have ALREADY been rented. It should include address, list AND rented price, square footage, number of bedrooms, other relevant differentiators (like garage spaces or pool), actual lease date, and DOM, or Days on Market. Reviewing this report will be your best indicator of what a particular property will rent for.

Unfortunately, there isn't a website that will kick back this report, but any experienced Realtor can generate it in just a couple minutes.

Good luck!

--
Chad Roberts
Broker Salesperson
Realty ONE Group
Cell: 702-579-5677
E-mail: chadroberts777@gmail.com
0 votes Comment Flag Mon Feb 20, 2012
Call or email me and I will give you an excellent estimate of the projected rental income along with a project NET OPERATING INCOME and probable market value of your investment.
Web Reference: http://www.robflitton.com
0 votes Comment Flag Thu Feb 16, 2012
Craiglist is my source for actual up-to-the minute rental prices for Las Vegas property. It is like watching the Stock Market as almost 1000 properties are priced every day. I look at the going rental rate for a certain house based on sq ft, bed and bath, and location and then try to find a similar house that I can buy at a great price.
There are only 6 zip codes in Las Vegas that constantly provide the highest rental vs the purchase price. This gives the highest cash flow and a ROI above 10.

DAVID COOPER Buyer's Agent, Investor, Seller, Property Manager for 35 Years

Check out the latest Bank-Owned Foreclosure List at Web Reference
0 votes Comment Flag Thu Feb 16, 2012
My wife and I specialize working with investors. We currently manage over 300 homes/condos for our clients. We've been in Vegas since 76 and we have a great investment model that we'd like to share with you over the phone or private email. We look forward to working with you. We can handle every aspect of the transaction, repairs, and management if you want that. Fee free to use our web site to do searches for rentals and homes for sale to get ideas of prices. We'll also do a detailed market search for you.
Thanks, Matt and Kim

Matthew D’Ercole
One Source Realty and Management
Cell - 702.501.0973
"A Nation of Sheep Breeds a Government of Wolves".
Know the Constitution & Bill of Rights.
Website - http://matthewsellslasvegas.las.mlxchange.com
0 votes Comment Flag Thu Feb 16, 2012
John
Yes we would do rental comparables for the area where you purchase or are looking to purchase.. That way you will have an idea of what your cash flow could be if rented at a determined rental price. I am always available to answer your questions.
Thank You
Suzie Marquardt
702-234-7653
0 votes Comment Flag Thu Feb 16, 2012
Rental comps are available to be created as well as determination of market value and the potential gross rental return that you would receive- we have a list of unoccupied and occupied properties that you can purchase- contact us-
Web Reference: http://Mayteamlv.com
0 votes Comment Flag Thu Feb 16, 2012
Trulia and Zillow can give you ballpark figures. Realtors can give you exact figures as to the comps in the area. Just be aware that when you have property for rent that it doesn't always rent for that price. It frequently rents for somewhat less. It depends on how desperate you get and how long you are willing to wait for a tenant at the price you want.
0 votes Comment Flag Thu Feb 16, 2012
Go to the this web site to view many properties currently for rent.
http://realtyexrentsvegas.com/
Remember each property stands alone as to location, days to rent, schools, shopping, distance to airport, distances to jobs, traffic issues, crime rate, and many other factors. Selecting a income property can be more difficult than selecting a home to live in. You know what you want to live in. Buying a rental means guessing where someone else wants to live. Work with an agent with a track record with
0 votes Comment Flag Thu Feb 16, 2012
You have been given some good answers. To sum up-a good agent or and a good property managment company can give you a good guideline. of rentals. The rental market has been steady to rising. About 1/2 the homes in the valley are bought by investors as prices are low and rents rising. May I assist you in your home search and purchase?
0 votes Comment Flag Thu Feb 16, 2012
Its extremely easy any Realtor can provide you with accurate rental information by simple compering alike property rentals in a community or subdivision. Or provided us with the property address and we will quickly give you rental guidelines that you can trust. Additionally, rents are stable and are good in Las Vegas. Visit us at http://www.WeSellandListVegasHomes.com
0 votes Comment Flag Thu Feb 16, 2012
Often an agent can tell you what properties have rented for, but they have to assume the property condition which may effect rent. Perhaps the best way to value a rent is to first select a Property Management Company to work with as you are looking at properties. If they are going to manage the property for you then they will look at the property and take the day to day practice they use to get other properties rented and give you real time values. Every month the rent rates go up and down as well as the time on market goes up or down. Use and agent who has a good working relationship with a licensed property management company.
0 votes Comment Flag Thu Feb 16, 2012
Absolutely,...
I can run comps on any property that you are interested in and tell you what the area rates are.
Just give me a call,....I would be glad to help you out.
0 votes Comment Flag Thu Feb 16, 2012
Ruey has some websites that will give you what they are listed at, hwever for you to get a more detailed picture I would suggest tht you contact a agent. I would be more than happy to sit down with you.
0 votes Comment Flag Thu Feb 16, 2012
Most websites are not as accurate and up to date as the MLS - multiple listing service. Therefore, it is recommended to use a realtor such as myself. If you'd like you can email me properties address and I will be glad to email you the comps per your request.
Feel free to call me with any questions at 702-338-3839.
Email: Barak9@gmail.com
0 votes Comment Flag Thu Feb 16, 2012
We work primarily with investors and have a system to determine the best properties for rentals. We have video on youtube about the process we use and supply our investors with rental comparatives along with sold comparatives for the properties we find for investors. Please feel free to contact us:
Masoud Saberzadeh
Realty ONE Group
866-278-5674
0 votes Comment Flag Thu Feb 16, 2012
I personally analyze each property for my clients as they come out; my investors look for a 10% cap rate. Feel free to contact me to discuss.

One ok source for rent comps is zillow.

Mark, 702-291-8186

http://www.jackconleyrealty.com
0 votes Comment Flag Thu Feb 16, 2012
The best way to determine it is to have your agent run the rental comps from the MLS. Unfortunately there's not a good site to use for the general public--not to my knowledge any way. It's good to run the rental comps and the sales comps before purchasing a home with the intention of renting it out.

If there's anything I can help you with please let me know.
Thanks,
Steve
702.630.6239 cell/text
1 vote Comment Flag Thu Feb 16, 2012
Regarding the rental possibilities of a given property, you can check http://www.rental.com, http://www.zillow.com, http://www.trulia.com http://www.redfin.com, BUT the best way is to call a Realtor and ask them to do the comparables, showing you the last 3 months, 6 months or whatever the rentals are going for in that specific subdivision, because it will be a like kind property, same location, same builder, etc, and it will also show you how many properties are currently for rent and for sale. Any Realtor should be able to help you with that. I would gladly give it to you without charge. Just email and ask me. Thanks
Liz Zeigler
0 votes Comment Flag Thu Feb 16, 2012
Hi John,

This is a good question. The truth is, public websites will only publish rates that rental properties are LISTED for. Only an agent with access to the MLS (multiple listing service) can see what a propertie(s) actually rent for. I'm more than happy to help you find the information you're looking for, so feel free to contact me anytime.

Thanks,

Corey Toushin, REALTOR
Realty One Group
(702)525-5170
ctoushin@gmail.com
0 votes Comment Flag Thu Feb 16, 2012
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