LAS VEGAS, Nevada – This year has been another great year for Real Estate in Nevada as Las Vegas Home values have been going up while demand has remained high as well.
As we get closer to the end of the year you may be thinking about selling your Las Vegas Real Estate or renting out your home.
In this post we will share with you the benefits of renting vs. selling so you can make the best decision regarding your Las Vegas home.
Why Rent Your Las Vegas Home?
The first reason you should consider renting out your Las Vegas Real Estate vs. selling it is cash flow.
Over the last 5 years Real Estate has been one of the best investments to be in especially during the last economic recession when it seemed like stocks and every other tried and true investment opportunity was sinking.
When you own a Las Vegas Home you will have consistent cash flow you can count on every month versus other investments which may not always pay consistent dividends each year.
Renting Your Home Is Easy
Thanks to professional Las Vegas Property Management renting your Las Vegas Real Estate is easy, especially when you choose Triumph Property Management to manage your property.
At Triumph we have a team of property management professionals who are responsible for all aspects of property management each year including: maintenance, customer service and accounting so you can live your normal life each month without having to concern yourself with the day-to-day responsibilities of owning a rental property.
Average Rent for Las Vegas
Right now the average rent in Las Vegas for a one bedroom apartment is $826 per month while the average rent for a two bedroom apartment is $1035 per month. (Source: Rent Jungle)
When it comes to 3 bedroom / 2.5 bathroom homes the average rent ranges from $1,200 to $1,600 per month.
If you go just 10 miles outside of Las Vegas Nevada the average rent for an apartment is $1083 per month.
Demand for rental properties remains high and the average rent for a Las Vegas Home has increased by more than $80 over the last six months so right now is the perfect time for you to rent your home as there is a huge demand for rental properties in the area.
It’s better to Rent out Your Home
As of October 2015 it’s likely that mortgage interest rates will not increase this year so you could sell your home then get a great mortgage interest rate on another property but, you will have a lot of missed opportunity costs which come from not renting out your Las Vegas home like: loss of rental income, tax breaks and so much more.
Contrary to public opinion about owning rental property you don’t have to actually be a landlord to own rental property.
When you hire a professional Las Vegas Property Management company like Triumph Property Management to manage your Las Vegas Real Estate you can live your life while enjoying the cash flow and all of the benefits that owning rental property will offer you.
Get Las Vegas Property Management
To get started with Las Vegas Property Management contact Triumph Property Management about your Las Vegas Real Estate today by calling us at (702) 367-2323 or click here to connect with us online to learn more about the benefits of renting your Las Vegas Home.