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As we continue the roller coaster ride we call the Las Vegas real estate market, we have found ourselves as the fastest appreciating market in the United States once again. With a cocktail of low prices, increased investor interest, extremely low interest rates, and aggressive Wall Street acquisition’s, we have been dealt another unique hand. The 27% run up in home values, have caused issues with the Las Vegas property management market. Many owners have elected to sell their homes now that they have new found equity, and displace long term tenants.
Robinson Realty & Management has attempted to mitigate frustration with our residents, and look for our Owners to sell to new investors. This has helped both our Owners and Residents many ways. Including, no loss in rental income, difficult in showing home, reduction in real estate commissions, and the new Owner knows who and what kind of tenant is renting immediately. This has been a win-win for all parties. If you are interested in either selling your Las Vegas rental home, or buying investment properties in Las Vegas, please email me at Michael@rarealty.net.
Here is a recent article from Las Vegas Review Journal on December 31, 2013
http://www.reviewjournal.com/business/home-prices-rise-october-las-vegas-leads-nation-271-percent-annual-gain
