Category Archive : Rentals

LAS VEGAS, NV – The Formula One Las Vegas Grand Prix held its opening ceremonies on Wednesday, and short term rental owners in Southern Nevada where STR licenses are currently available – including Henderson, Las Vegas and North Las Vegas – are already reaping large financial benefits.  

Unfortunately, however, some frustrated Clark County landlords have been left out in the cold due to the long and drawn-out process of issuing licenses on the part of the municipality, leaving them unable to offer listings to take advantage of the many out-of-town tourists attending the F1 event, with the race taking place November 16-18. 

The state figured out that the ban wasn’t working and decided to mandate the county to get rid of its ban and start creating a licensing process for people to operate (short-term rentals),” said Jackie Flores, founder of The Greater Las Vegas Short Term Rentals Association. “Of course they have not issued any licenses even though they were supposed to start doing it by July of last year.”  

However, the loss on the part of Clark County renters is the gain of others located in neighboring cities, with many STR owners asking – and receiving – significantly higher rates than usual to house visitors attending the F1. 

An average Airbnb or Vrbo rental costs approximately $150 a night; currently, there are over 1,000 listings available in Las Vegas, with prices ranging from exuberant to budget-friendly and everything in between. 

The priciest rental for the F1 weekend is a 11-bedroom home located in Paradise just east of the Harry Reid International Airport that’s going for a whopping $4,121 a night. The residence is spread up into three separate buildings for a total size of 8,700 square feet, and includes numerous high-end amenities including an outdoor playground, basketball court, a pool, video game room, and much more. 

In contrast, the cheapest rental listed is a private study room for $39 a night in West Las Vegas, giving you the opportunity to “stay with Victor” as his guest during the F1 weekend. That fee will get you a twin bed, a desk, futon, wi-fi, and a door that locks via keypad; a municipal bathroom is located directly across the hall. 

And finally, if you’re looking for a listing based solely on its “cool” factor, another rental located in Paradise offers eight bedrooms and a slew of fun extras, including a putting green, pool, hot tub, outdoor poker table, half-basketball court, pool table, bocci ball, table tennis, an outdoor BBQ grill, and more, all for $1,850 a night. 

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.

LAS VEGAS, NV – The impending Formula 1 race in Las Vegas will represent an enormous opportunity to draw in record-breaking crowds of tourists to attend the iconic event, and obviously those tourists will need places to stay while in town. However, local homeowners are fuming over what they perceive as a missed financial opportunity due to the fact that short-term rentals currently remain illegal in Clark County, depriving them of the chance to rent out their properties for a tidy profit. 

Local homeowner Tina Turnbull was hoping to rent her home to out-of-town visitors during the Formula 1 event, but currently finds herself forced to turn people away due to the current situation regarding short-term rental laws in Clark County. 

Everyone else is excited and I’m just kind of like, feel like huge opportunities are being missed for me,” she said. “I’ve already turned down multiple booking requests. I just have to explain to them that because of the local laws, I can’t rent the house for less than 30 days.” 

After approving a short-term rental ordinance in June 2022, Clark County had started an application process for short term rentals in September 2022. The 1,300 applications they subsequently received were placed in a random number generator, which assigned a number to applicants to determine the order in which they would be considered for a license. However, after homeowners submitted paperwork this past August during the next phase of the process, they have been left waiting for answers that so far have not come. 

Turnbull Is among those homeowners who say they have been left dangling. 

Louis Koorndyk, co-founder of the Greater Las Vegas Short-Term Rental Association (GLVSTRA), said that his members have grown upset over their inability to tap in to the expected $1 billion local economic boost that the Formula 1 race is expected to generate when it takes place on Sunday, November 19. 

All the hosts or potential hosts out there are finding this extremely frustrating. The buzz in the community is really, why is it taking so long? When are these licensing dices going to start to be issued?” he said. “They want to be a part of this because the host community contributes to everything. They contribute economically. They help. They don’t take away from the hotels and casinos, they add.” 

In response to reporting on this situation, Clark County issued the following statement: 

At this time, we are in the process of reviewing the applications for completeness and eligibility. This process is necessarily time-consuming to ensure that the large volume of applications are evaluated in a consistent and fair manner. Applications that are incomplete or ineligible will be issued denials,” the statement read. “After this portion of the application review process is completed, Clark County Business License will identify applicants that may move on to safety inspections based on the order of priority established by the Random Number Generator selection process.” 

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.

LAS VEGAS, NV – After skyrocketing for a significant amount of time and raising affordability concerns in the city, a new Zillow report indicates that rental rates in Las Vegas have decreased for the second month in a row, showing that the marketplace is beginning to achieve a level of stability.  

The average rental price in September for a two-bedroom apartment in Las Vegas was $1,808 – a figure that Zillow determined by calculating the weighted nationwide average – which represents a 0.2 percent drop from August, and a 1.4 percent drop from September 2022. 

Currently, rental rates in Las Vegas are at their lowest point since October 2022; however, this situation does not echo developments in the rental market nationwide. According to the consumer price index (CPI) – utilized by the federal government to gauge inflation – rents across the country are still on the rise, and experts have stated that high rental rates have been one of the last key metrics that have kept inflation at its current exuberant level. 

Overall rental rates in the country were up 0.2 percent in September, although senior economist Orphe Divounguy stated that such increase is not entirely accurate to the CPI, nor indicative of actual market conditions, due to many new tenants signing 12-month or longer rental agreements.  

With that being the case, current conditions may take approximately a year to start reflecting in the CPI, Divounguy said, and the real numbers indicate that stability is slowly returning to the rental market across the country, as well as in Las Vegas. 

Although the consumer price index showed an uptick in rent prices in September, annual rent inflation continues to moderate and is likely to continue to move in the right direction,” he said. “This is because rent inflation tends to be most responsive to labor market tightness. Wage growth is moderating.” 

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.

LAS VEGAS, NV – Construction on Parq at Camino, a new luxury apartment complex in North Las Vegas, has been completed and the facility is now open and leasing to new tenants. 

Parq at Camino, developed by Morgan Stonehill, is comprised of 417 units spread out over 13 buildings and is located northwest of the Craig Ranch Regional Park and south of the 215 Beltway. It features one, two, and three-bedroom apartments ranging in square footage from 837 to 1,299, with rents starting at $1,407. 

The complex’s management company, Cushman & Wakefield, noted that Parq at Camino features numerous amenities for their tenants, including electric vehicle charging stations, covered parking, pet washing stations, a dog park, a pool, clubhouse, indoor and outdoor fitness center, business center with computers and internet access, and an outdoor picnic area with barbecue grills. 

The Las Vegas Valley has been experiencing issues with housing options for its many residents with a shortage of both single-family homes and apartments, and one of the areas hardest hit by this problem is North Las Vegas.  

While over the course of the last year North Las Vegas saw rents dipping significantly for one-bedroom apartments, reports indicate that they have been increasing steadily as of late due to increased demand. 

However, that demand is slated to be addressed as numerous apartment units – including Parq at Camino – are either opening or are in the process of opening across the valley, including in North Las Vegas. As more apartment units open, rents are expected to decrease proportionately, providing a measure of relief for those looking for affordable housing options. 

North Las Vegas is currently ranked fifth on the list of cities with the greatest population increase since 2020, according to the U.S. Census Bureau, having added 9,917 additional new residents by 2021.

For information on leasing opportunities at Parq at Camino call (702) 796-7900 or visit: https://www.parqatcamino.com

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.

LAS VEGAS, NV – Realtors in Las Vegas are beginning to show serious concern over a growing trend that eerily reflects market conditions prior to the mid-2000s recession; back then, it was Wall Street packaging risky subprime mortgages into mortgage-backed securities.  

Fast-forward to today, and Las Vegas Realtor Noah Herrera says that Wall Street is back at it again in a slightly different fashion, purchasing as many homes in the valley as they can, renting them out in what some allege is a “predatory” fashion, and packaging them as rental-backed securities. 

Wall Street is destroying Main Street…again,” Herrera said. “And it’s kind of hard to stomach because at the end of the day, this is capitalism.” 

Herrera Isn’t the only one expressing these concerns; reports indicate that many real estate agents based in the Las Vegas Valley are chiming in on multi billion dollar Wall Street hedge funds and investors snapping up homes left and right, pushing everyday homebuyers out of the market with what many are referring to as “aggressive buying and rental tactics.” 

In Clark County alone, 80,000 single-family homes are owned by investors and hedge funds, which represents approximately 14 percent of the 563,000 homes within its borders. In addition, almost 10 percent of all home purchases within Clark County since 1988 had been made by Wall Street, reports say, and about 13 percent of all single-family home sales in the county since 2012 were made by investors. 

Wall Street home purchases in the Las Vegas Valley hit their highest level in 2021, making up approximately 18 percent of all sales; home purchases by investors swelled even higher in other parts of Southern Nevada, reaching as high as 20 percent in some regions. 

According to Shawn McCoy, director of UNLV’s Lied Center for Real Estate, many of these homes being snapped up over the decades by Wall Street never again hit the market. 

Since 1988, 77 percent of homes that were purchased by investors were never sold again, suggesting that roughly three quarters of homes that are purchased by investors are held as long-term rentals,” McCoy said. 

Las Vegas Realtor Steve Hawks said this situation has the effect of pricing out local buyers and results in a large portion of local Las Vegas housing inventory being owned not by residents, but by out-of-state investors. 

Wall Street hedge funds have completely destroyed the traditional real estate cycle and industry as we know it,” he said. “For example, entry-level buyers no longer have access to affordable entry-level homes. People wanting to downsize no longer see it worthwhile to downsize due to the lack of entry-level homes under $500,000.” 

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.

LAS VEGAS, NV – According to a new report released this week by Rent.com, the average rent for a one-bedroom apartment in the Las Vegas Valley decreased by percentage points in the double digits over the course of the past year, with only a minor bump seen in August disrupting this trend. 

The average rental rate for a one-bedroom apartment in Las Vegas in August was $1,654, which represents a 11.9 percent decrease from the same period of time one year prior. However, that average increased slightly this past August, bumping up by a mere 0.36 percent. 

Apartment prices coming down is good news for many Southern Nevada residents, as it represents the fact that rent is beginning to stabilize after skyrocketing for several years and drawing concerns in regard to affordability; however, according to Rent.com CEO Jon Ziglar, prices still remain higher than they were prior to COVID-19. 

I would say the biggest thing, both in Las Vegas and nationally, is that price growth has slowed relative to the last two years, but prices remain elevated well above pre-pandemic norms,” Ziglar said. “Nationally prices were down too, albeit at a much lower rate of 0.06 percent. The caveat to that is prices today are being compared to a period that produced the highest prices we’ve ever seen. But on a longer-term basis, prices continue to be elevated.” 

Part of the reason for the drop in rent is due to the fact that many developers ramped up their efforts to address the massive housing demands – and take advantage of low interest rates and construction costs at the time – that occurred in the Las Vegas Valley during the pandemic.

With many of those projects now being completed and hitting the market, inventory has begun to increase – and will continue to do so into the future – and as a result demand, albeit while still high, is now slowing, the point where some landlords are now offering concessions to prospective tenants to lure them to 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.

LAS VEGAS, NV – Since the use of short term rental services such as Airbnb and VRBO were legalized in unincorporated Clark County, the ability of local officials to properly license renters and establish a series of regulations governing the industry has been slow and wrought with speed bumps, causing a great deal of frustration for those waiting to make their properties available to the many tourists that visit Southern Nevada each week. 

An initial batch of guidelines rolled out were received negatively by renters and were eventually ruled as being unconstitutional by a judge. A lawsuit is now pending with the Nevada Supreme Court against Clark County brought by the Greater Las Vegas Short-Term Rental Association (GLVSTRA), which claims that an overly complicated application process – including what they say was an inadequate amount of time to submit paperwork, prompting the county to extend deadlines – has been financially damaging to their members. 

In their process of writing these new regulations, they just threw anything and everything they could think to make it as difficult and as hard for people to get a license and to operate even after you have a license,” said GLVSTRA President Jacqueline Flores. “We really didn’t have a seat at the table.” 

According to a website that tracks properties listed on short term rental sites Airbnb and VRBO – known as AirDNA – the Las Vegas metropolitan area has approximately 13,000 active rentals, and officials in Clark County have said that they are attempting to “methodically” fine-tune their licensing process to ensure they are taxed properly. 

The issues originally stem from the passage of AB363 in 2021 by the Nevada State Legislature, which mandated that municipalities create licensing processes and regulations for short term rentals; previously, such rental units were illegal in Clark County, although enforcement of this ban was practically nonexistent.   

Since the passage of AB363, cities such as Henderson, Las Vegas and North Las Vegas have created procedures covering application, inspection, and enforcement, but many renters in Clark County have claimed their process in particular has been needlessly convoluted and overly strict. Some points of contention include a 1,000 feet minimum distance between rentals, a 10 p.m. curfew for outdoor activities, and radios, stereos and sound speakers being relegated to indoor use only. 

Issues with the application process – which included a pre-application lottery and tight deadlines the submission of paperwork – have resulted in extreme frustration on the part of renters, according to Flores, who claimed that Clark County has “purposefully created this convoluted mess” as a means to purposely discourage short-term rental owners from applying for licenses, reportedly in response to quality-of-life complaints issued by residents that have short term rental hosts as neighbors. 

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.

LAS VEGAS, NV – Following the expiration of a specific COVID-19 expiration this past June, landlords in Las Vegas are now allowed to proceed with evicting tenants who have not been paying their rent, even if said tenant has applied for and is awaiting approval for participation in rental assistance programs.  

As a result of the expiration of these tenant protections – in addition to Nevada state Governor Joe Lombardo recently vetoing two similarly-themed bills – courtrooms across the Las Vegas Valley have encountered a surge of eviction cases recently, and are bracing for yet still more in the coming weeks. 

To compensate for the increased number of cases on the docket, the courts have been forced to add additional days and hours for hearing eviction cases in order to keep up with the huge workload. 

According to the Legal Aid Center of Southern Nevada, the increase in eviction cases they are handling has jumped from 300 or so on what would normally be termed a “busy day” to now over 400 to 500 a day. 

In addition to the expiration of COVID-19 protections, the main contributing factor for the rise in eviction rates in recent weeks comes from two bills that Governor Lombardo vetoed after they passed in the Nevada Legislature. The first one, AB340, would have changed the procedures governing evictions in order to give tenants an extended period of time to respond to an eviction notice; the second bill, SB355, would have placed a moratorium on evicting disabled and senior tenants who had applied for aid in paying their rent. 

Both of these bills were summarily vetoed by Lombardo, who said that AB340 would have made the eviction process unnecessarily longer than needed and would prove harmful to landlords statewide. 

AB340 would restructure Nevada’s summary eviction process in a manner that would impose additional and unnecessary delays and costs on those seeking to remove individuals who unlawfully remain on their property after the termination of their lease,” he said. “This bill would make our summary eviction process more time-consuming than our peer states and would create ambiguous threshold standards which could be ruled upon by a judge without any formal hearing, providing insufficient protections for Nevada property owners.” 

And while Lombardo agreed that SB78 would add transparency to the rental process, he objected to the bill’s “wide-ranging changes to accounting practices, traditional fee collection, certain disclosures and various notice requirements for landlords,” adding that it would have made the current shortage of rentals in Nevada even worse. 

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.

LAS VEGAS, NV – A new report from UNLV’s Lied Center for Real Estate confirms an ongoing trend in Las Vegas as of late where rents are increasing in poor and middle-class neighborhoods, where in contrast they are consistently lowering in more affluent areas, with several factors contributing to this developing issue. 

Las Vegas-area realtor Michelle Gamble said that many of her lower-income clients are facing a hard time out there in terms of the increasing amounts of money they must devote to rent, noting that currently, “the market is tough.” 

I’ve had clients who came into Nevada, they moved here about four years ago where they were paying like $900 a month,” she said. “Now their rent is up to $1500 and $1600. And no upgrades.” 

Another realtor, Steve Hawks, confirmed the ongoing issue where lower and middle-class rents are rising, whereas rents in rich areas are dropping; this is a phenomenon that he attributes to the low home mortgage interest rates that many buyers took advantage of during the COVID-19 pandemic. 

The higher-end rents are coming down quite a bit. The lower-end to mid-range rents are staying steady. Maybe going up a little bit,” he said. “Many sellers are no longer selling their home to buy another. Instead, they’re renting their home out because their interest rate is so low and their payment is so low.” 

In contrast, Hawks said, the recent price increases at the lower end of the rental spectrum can most likely be attributed to out-of-state hedge funds that snapped up a great deal of affordable housing in the region who are now looking to turn a quick profit. 

They pretty much control the rental market in that arena under $500k. They have by far the most rentals,” he said. “This is what happens when you have big corporate America buy single family houses where people can’t rent. People can’t buy. What does that do? It causes prices to go up. It causes rents to go up. That’s the number one problem right there.” 

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.

LAS VEGAS, NV – Amid Clark County’s numerous delays issuing licenses for short term rentals within its borders, more and more homeowners are illegally listing their properties for rent on services like Airbnb and VRBO, risking serious fines if they are caught. 

Homeowners who are prospective short-term rental operators have been vocal in their complaints about the county’s slow licensing process as the typically busy summer season is passing them by; many are also worried about missing out on tourists visiting the region for upcoming Formula 1 races.  

Currently, Clark County officials have not provided a timeframe for when the first licenses will be issued, only initially stating that applications must be submitted by late June; this date was later pushed back to late August after some homeowners complained that they did not receive pertinent information in the mail following a March 29 pre-application lottery. 

According to Greater Las Vegas Short-Term Rental Association (GLVSTRA) President Jackie Flores, due to the delays some homeowners have resorted to clandestinely listing their rental properties online in order to help cover the costs incurred by their currently empty units. 

They’re stuck in a situation where they have bills to pay,” Flores said. “We have told [county officials] many, many, many times.” 

Homeowners who were previously operating short-term rentals were required to stop doing so in order to apply for a license. Leslie Doyle, 83, said that she has lost 50 percent of her income by doing so, and the delays are crippling her financially. 

Some of us will die waiting,” she said. “We [seniors] are the ones who need it most.” 

If caught, the penalties for running unlicensed short-term rentals in Clark County are stiff, ranging from $1,000 to $10,000 a day and even a potential visit from the Las Vegas Metropolitan Police Department. 

Currently, GLVSTRA is in the process of suing Clark County over the proposed regulations governing short term rentals, claiming that some of them are unconstitutional. Barring any delays, the Nevada State Supreme Court may hear the case in December. 

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.

LAS VEGAS, NV – With the rental market in Las Vegas growing by leaps and bounds as of late, this positive situation has unfortunately also given rise to an equally hazardous one – an exponential increase in the number of rental scams, which have already cost would-be renters of homes and condos in the valley thousands of dollars. 

Patsy Wagner had wanted to move to Las Vegas; unbeknownst to her, the individual she contacted about a home they claimed to be renting was a scammer, who took her for a $950 down payment but then never showed up at the address to meet her in person. 

I cannot tell you how many times I sat there for two hours waiting for this scammer to show up and never showed up. He had excuses,” she said. “I never thought this would happen to me. I’m supposed to be smarter than that.” 

Unfortunately, Wagner’s experience mirrors that of a growing number of people in the Las Vegas real estate market as of late; experts say the problem is mainly caused by people who are not utilizing licensed realtors when looking for a rental. 

If they would have used a licensed realtor, I’m pretty confident that maybe none of them would have been scammed,” said one local realtor, who noted that he had had six clients who had come to him after being scammed out of as much as $3,000 beforehand. 

Many scammers prey upon their victims by creating a “phantom rental,” which is essentially a fake listing; some of them even manage to gain access to lock box codes to show houses to individuals who are interested in renting them, which adds a veneer of legitimacy to their attempted grift. 

Expert say that the best way to avoid being scammed when looking to rent a house or condo is to only deal with a licensed realtor, and to try not paying any money up front if possible. In addition, never wire money, don’t provide a security deposit or first month’s rent before signing a lease, and be especially wary of property owners or realtors who do not wish to meet you in person.  

In addition, if you are the victim of a scam, you can report it to the Better Business Bureau of Southern Nevada by clicking here. 

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.

LAS VEGAS, NV – Being a landlord of a rental property typically comes with many responsibilities, and one of the major ones is dealing with regular upkeep, maintenance, and repairs that will inevitably be required as a result of not only normal wear and tear, but tenant negligence, acts of nature, or a variety of other factors. Issues could range from a leaky faucet or broken water pipe all the way up to replacing an HVAC System or even an entire roof.  

But while approaching a maintenance or repair job may seem fairly straightforward to the uninitiated, exactly who a landlord chooses to employ to go about it can have major financial repercussions for them, as well as their management company, if they are not familiar with the laws in their state that mandate licensure requirements based on the size and complexity of the job at hand. 

The Nevada State Contractors Board (NSCB) is a quasi-governmental consumer protection and advocacy agency empowered by the state – according to their website – to ensure “the integrity and professionalism of the construction industry in Nevada. The NSCB has the responsibility to promote quality construction by Nevada licensed contractors through a regulatory licensing system designed to protect the health, safety and welfare of the public.”

Essentially, the NSCB is tasked with “determining the qualifications of applicants prior to licensing, setting forth conditions for licenses, such as limiting the field and scope of the operations of a licensed contractor, bond requirements and establishing maximum contractual limits.” The NSCB is also empowered to create rules and regulations governing the construction industry within the boundaries of the state, and is able to enforce them by levying penalties upon violators, such as fines and other punitive measures.

One particular aspect of NSCB regulations that Nevada landlords should be especially careful to abide by comes to the type of individuals or companies they employ when conducting repairs on their rental properties. While a local handyman who does not meet specific NSCB licensing requirements may be acceptable to conduct minor maintenance or repairs upon a property, any work that goes above the value of $1,000 – and if it requires a specialty license such as electrical, plumbing and heating, refrigeration and air conditioning, roofing and siding, or so on – must be carried out by NSCB-licensed contractors who are considered experts at their respective trades.  

Not adhering to this important aspect of Nevada state law (NRS 624) can see a landlord slapped by the NSCB with numerous penalties, including significant fines and more.

Landlords should also beware of repairmen who tout themselves as being a “licensed handyman,” as no such thing actually exists within the state of Nevada. While anyone conducting business in the state must possess a business license, this is not the same thing as having a contractor’s license granted to qualified individuals or companies by the NSCB. Based on this fact, the scope of services that a handyman is able to provide in the state is curtailed by law, and attempting to circumvent that law for any reason could result in serious consequences. 

For one, a landlord could find themselves fined or otherwise penalized by the NSCB, as mentioned earlier in this document. But perhaps even more importantly, work carried out by an unlicensed handyman who does not meet the skill requirements mandated by state law could potentially carry out extremely shoddy repairs that ultimately could result in additional expenditures down the line at best, and potential danger to a landlord’s tenants and/or property at worst. 

Under Nevada state law (NRS 624.031), there are also numerous aspects of home repair and maintenance that are illegal to be carried out by a handyman, unlicensed contractor, or homeowner who intends to either sell or lease the residence within one year. These illegal acts include work normally performed by a licensed Plumbing, Electrical, or HVAC contractor; any work that requires an official permit to carry out; a job where the combined cost of material and labor are in excess of $1,000; and any work related to safety measures. 

Also, according to the NSCB, contracting without a license is considered a crime in the state of Nevada; as per the agency’s website, “It is unlawful for any person or combination of persons to engage in the business or act in the capacity of a contractor within the state of Nevada or submit a bid on a job situated within this state without having an active license.”

The first offense is a misdemeanor, second offense a gross misdemeanor, and third offense a Class E felony, according to the NSCB. 

As you can see, the facts clearly speak for themselves; a properly responsible landlord should always leave major repair work to properly licensed professionals, without fail. Cutting corners with a handyman just to hold onto a few bucks or avoid red tape can cost you way more than you save in the long run. 

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.