Clark County Finally Issues Three Short-Term Rental Licenses Amid Backlog Hundreds Deep
LAS VEGAS, NV – After an extended period of time that has left many Las Vegas landlords grumbling and downright angry over the prospects of missed income, unincorporated Clark County has finally begun to issue short-term rental licenses…well, three of them anyway, amid a massive backlog of applicants hundreds deep who have been waiting for over a year-and-a-half to begin legally renting their properties.
The road to this point in time began in 2021, when Nevada passed legislation mandating that cities and counties within the state create regulations and a process for granting licenses for short-term rentals; Clark County would create their own ordinance in Summer 2022, but from there, further progress has been slow.
Cities such as Las Vegas and Henderson have already been issuing licenses and regulating short-term rentals within their confines for some time now, but Clark County only truly got the ball rolling in March of 2023, at which time they held a lottery where the names of over 1,300 prospective applicants were drawn to be reviewed and, if they met the criteria, eventually granted licenses.
However, the process of reviewing and issuing said licenses has turned out to be a long and drawn-out affair, with Clark County officials extending deadlines several times while reviewing qualified applications and allowing them to move forward in the process.
Currently, the applications of over 700 homeowners are still mired somewhere in the licensing process, county officials say.
In the meantime, homeowners have expressed extreme frustration with what they view as the county dragging their feet in granting their licenses, and lament the missed profits they could have amassed if they were able to take advantage of recent large-scale sporting events, such as the Formula One Las Vegas Grand Prix that took place late last year, which attracted a great many tourists to the city.
One of the homeowners whose license was granted this week was originally drawn as “number 10” in the 2023 lottery, leaving those who drew hundreds higher wondering how much longer they may be forced to wait before they can begin legally renting out their properties.
Shelter Realty is a Real Estate and Property Management Company specializing in the areas of Henderson, Las Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.