Vegas Investment Property
 January 8 2016     Posted by Siemens Group

I came across a blog posting today that I really liked:

This guy purchased an inexpensive property in Las Vegas to rent out on airbnb. Based on the numbers he presents, he's getting a fantastic Return on Investment. It makes buying a rental property where prices are lower look very attractive, particularly to investors who are used to Vancouver, where it is rare to find a rental property that has a cash flow that covers all expenses including financing.

The blog does a pretty great job of highlighting some of the issues associated with managing the suite from out of town (the author lives in California, I believe).  Another issue that will be a considersation for our clients considering purchasing an investment property in the US is the IRS:   Having experience with recreational property in the US which is part of a rental pool, we have found the red tape associated with that revenue to be a hassle.  If you're thinking of purchasing a rental property in the US, give us a call and we can discuss further.

Using airbnb in Vancouver can be a great way to increase revenue from a rental.  We have a few clients who use suites in their homes for short-term vacation rentals, and it has allowed them to earn a lot more revenue than those suites could earn on monthly tenancies.  Just keep in mind that it's a lot of work to constantly keep a suite in hotel-ready condition.

Keep in mind that condos will usually have limits on renting short term; most stratas have a minimum of 3-6 monhs rental requirement.