Meeting a Rising Demand for Rental Accommodation in Las Vegas

November 5, 2021

Figures from earlier this year showed that more people moved to Nevada than any other state in the nation. Although tourist numbers have been lower in recent months, according to the Visitors and Convention Authority, Las Vegas also attracted almost 50 million visitors in 2019.  Whether they are on vacation to enjoy the attractions or on the lookout for a permanent home in a state with a low cost of living, many of these incomers will need temporary rental accommodation in the city. Landlords have been able to raise their rents to take advantage of this huge increase in demand, but they still have a responsibility to provide functional and comfortable homes for their tenants. At the same time, although renters may not be able to undertake a complete renovation, they can still make changes to enhance their home and ensure it is practical and comfortable. 

Providing Well-Maintained Accommodation

Whether they are providing short lets for tourists or longer-term accommodation for residents, landlords in Nevada have a duty to repair and maintain fixed facilities such as HVAC systems in their properties. While it is usually a landlord’s responsibility to also maintain any other appliances and furnishings supplied by them, they may agree that their tenant can carry out their own specified maintenance and minor remodeling. Tenants will of course need to look after their own personal goods such as microwaves or fridge freezers.  Finding an affordable and reliable repair service in the local area will help ensure all appliances are running smoothly

Attracting Reliable Tenants with Reasonable Rents

As rents in Las Vegas continue to rise due to increased demand, some landlords are turning against the market trends and continuing to charge reasonable rents for more reliable clients.  Property owners are reminded about the benefits of finding good long-term tenants who can ensure a steady income. Charging higher rents may seem an attractive option in the short-term, however, if they are too high they can also lead to people moving out quicker. While some landlords may have faced difficulties during the pandemic, with no additional property fees for 2021 the costs of renting haven’t gone up for landlords and so these don’t need to be passed on to renters.

As well as seeing a return to high numbers of tourists, Las Vegas is attracting new residents. Despite rising rents, a low cost of living still makes the region affordable, and, with the help of responsible landlords, tenants should be able to live in comfortable and well-maintained accommodation.

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