Willing to invest in A and B class residential real estate? Then Las Vegas is one of the best places to buy investment properties. This rapidly growing city is one of the hottest real estate markets on the west coast. Right now it is the best time to buy and rent a property in Las Vegas, as the market has not reached its peak yet. But the question always is…where are the best neighborhoods for buying Las Vegas investment properties? Here are 3 examples of class A and class B investment properties across the valley.
Las Vegas Investment Property Example # 1
Westwood Village neighborhood: 204 Thurston Street Henderson 89074
- Market rent – $1700/mo
- Market value – $350k
- est. taxes – $140/mo
- Insurance – $45/mo
- HOA – $15/mo
- Mgmt – $136/mo
Las Vegas Investment Property Example # 2
Green Valley Ranch: 1979 Thunder Ridge Circle Henderson 89012
- Market rent – $2200/mo
- Market value – $450k
- est. taxes – $175/mo
- Insurance – $55/mo
- HOA – $63/mo
- Mgmt – $176/mo
Las Vegas Investment Property Example # 3
Red Rock Country Club (guard gated): 1990 Country Cove Ct. Las Vegas 89135
- Market Value – $1,000,000
- Market rent – $5000/mo
- Taxes – $770/mo
- Insurance – $120/mo
- HOA – $245/mo
- Mgmt – $400/mo
Low property taxes are one of the main reasons Las Vegas investment properties are so attractive. On average property taxes are about 1/2% (.005%) of the purchase price. For example, a property purchased for $350k would incurred annual property taxes around $1,750 annually ($146 monthly). This public search page can be used to determine current property taxes for any property in Las Vegas and Henderson: Clark County Treasurer.
Rice Real Estate & Las Vegas Investment Properties
With more than 30 years of investment real estate & property management experience we understand the needs of our clients no matter where they are in the investment cycle. Whether you’re buying, selling, or looking for full service property management we will put our resources and experience to work and drive your profitability. Unlike our competitors who are transactional in their approach, Rice Real Estate & Property Management is known for the caliber of service we offer our clients. Through excellent communication, personalized service and our company’s high standards we have earned the long-term respect of property owners.
Founded in 2010, Rice Real Estate is Las Vegas’ premier investment sales and property management company with over $50 million of residential real estate assets under management. Our firm has crafted a culture designed around full transparency, reliable communication, and efficiencies for both owners and tenants. Furthermore, our policies and procedures allow us to effectively optimize a property’s performance and profit while nurturing Tenant relations to keep long-term tenants.
We are investment property specialists and use a process-driven approach to increase efficiencies, reduce risk and drive performance and profitability. We are experts in our field and selective when it comes to new partnerships, adding only select properties each year in order to provide the highest level of attention to each one. Our company voice reflects the high standards we demand of ourselves and we deliver these high standards to you with quality property management.
Our firm is responsive. We work hard to quickly turn properties over and find quality tenants. We understand each day a house is vacant equates to lost rental income. We always strive to increase owner profit while focusing on preserving the integrity of your investment. Our efficient vendor accounts payable strategy provides us priority scheduling and preferred pricing. In addition, our team responds to emails and phone calls timely, tenant maintenance requests are handled promptly and Owners have 24/7 access to an encrypted online portal for financial reports and secure document storage. We make sure to be informative and transparent every step of the way. We manage with an owner’s mindset.
Mark Rice: Founder & Real Estate Agent
Mark has over 15 years of real estate industry experience. Prior to founding Rice Real Estate he was a top performer with Bank of America’s consumer mortgage division. Mark utilizes his finance and economics background to generate attractive returns for Rice Real Estate’s investment clients.
Mark guides investors to high quality assets and focuses on neighborhoods where he sees growth potential driven by economic and demographic trends. Our firm’s management portfolio provides him proprietary insight into investment properties in Las Vegas, Henderson, Green Valley and Summerlin. Mark guides his clients with integrity allowing them to invest capital in residential real estate with conviction.
Heidi Rice: Broker, Property Manager & Realtor©
Heidi has been managing residential real estate since 2001. In 2010 she moved to Las Vegas with her husband Mark and opened a residential real estate brokerage focused on investment sales & property management.
Heidi is a very thorough, professional, and responsive property manager. Her financial reporting is timely each month, along with copies of all receipts & full accounting – completely transparent. She has good control over her vendors and the workmanship is excellent. The move-in and move-out inspections are thorough with great attention to detail.
Heidi has always had a passion for real estate investing and she is living her dream life as an investment focused property manager in fabulous Las Vegas, Nevada. Contact her directly to confirm your property is in her management service area: 702-551.9592 ext 700 or via email.