Property Management Blog

After nearly a decade of flat or declining rental rates in Las Vegas, the signs and data show an increase in rental rates.  The Las Vegas property management market has boomed the past few years, and now we can see the multifamily market is starting to invest into the Las Vegas rental market.  An article posted in the Las Vegas Review Journal this morning stated

               “Nor are rental rates where they were. The average monthly lease rose 2.9 percent in 2013, to $781 — the first overall increase in seven years. Compare that average with the $932 peak in 2007”

This is great news for investors looking to acquire rental properties in Las Vegas!

Read the complete article at:

http://www.reviewjournal.com/business/las-vegas-poised-apartment-boom