Southwestern Management And Realty Team

2017 Statistics that Las Vegas Rental Property Investors Should be Aware Of

According to the “Comprehensive Housing Market Analysis” of the US Department of Housing and Urban Development (HUD), Henderson/Las Vegas area rental vacancies dropped to 5.1% in 2016, down 0.6 percentage points from the year before. Housing market experts also anticipate that we will see significant employment growth in the construction, hospitality, and technology sectors as well. When combined with steady population growth, this could have a positive impact on the rental market as well.

Additional Statistics to Be Aware Of

Basically, further research has revealed that the growth in the Las Vegas market will exceed that of any other city in the US by nearly 4% by the end of 2017.  

Here are some additional statistics for 2017-18 regarding the rental market to be aware of:

  • Clark County median household income – $51,214
  • Las Vegas rental vacancy rate – 5.1%
  • Median Las Vegas rental rate – $1,000/month
  • Number of Las Vegas visitors in 2016 – 42.3 million
  • Percentage of population that rents in Las Vegas – 48%
  • Population of the greater Las Vegas MSA – 2.2 million
  • Unemployment rate in Las Vegas – 6%

Furthermore, the number of days that properties stay vacant in the Henderson/Las Vegas market is decreasing while at the same time, we are seeing steady increases in rental rates. With the demand for rentals increasing throughout many areas in the city, the basic economic formula looks like this:

Decreased supply + increased demand = rising rental rates

If you’ve been interested in investing in rental properties such as single family homes, condos, or townhomes, be aware that inventories are shrinking and market values are rising. And it doesn’t appear that this trend will be ending anytime soon.

A Word About the Tenant Screening Process

As a rental property investor, property management companies employ a very rigorous screening process in order to attract higher quality tenants. Unfortunately, this is an area where inexperienced landlords and property investors lack considerable expertise. Property management companies strive to rent to better quality tenants and accomplish that by having applicants undergo a rigorous screening process that includes:

  • authenticity verification of applicant’s personal information
  • background check
  • contacting former landlords
  • contacting personal references
  • credit report
  • employment and income verification
  • public notice search (bankruptcies, prior evictions, etc.)

It’s unfortunate that landlords encounter bad tenants and the problems that come with them. However, utilizing a rigorous screening process can save you a lot of grief in the long run.

So remember, when screening prospective tenants is concerned, the more comprehensive it is, the better the quality of tenant you will rent to. If you’re constantly experiencing problems with tenants or having difficulty finding good tenants, you should consider talking to a property management company and discussing your needs. They would not only be able to assist you with tenant retention but help maintain your property professionally.

Make the “SMART” Choice with Southwestern Management And Realty Team

las vegas property management

SMART Rental Qualifications

The following are Southwestern Management And Realty Team’s (SMART) guidelines for renting a property through SMART. Each and every application will be reviewed by a member of SMART and could be adjusted depending on credit/income and the application itself. Please be truthful!

Rental Qualifications

  • Applicant MUST be 18 years or older and application fee is $65.00 per person and is non-refundable.


  • Minimum score of 650
  • No EVICTIONS in the past 5 years
  • No utility collections (gas, power, water)

Income Verification

  • Income MUST be 3 times the monthly rent for good credit 650+ and 4 times if applicant has poor credit but good income.
  • MUST be verifiable
  • MUST be with current employer for at least 6 months.
    **If self-employed—CPA financial statements and/or tax returns are acceptable.

Employment History

(you could be required to show proof if requested, paycheck stubs, etc.)

  • Verifiable employment history for the past 3 years
    **If self-employed/retired/not employed—can verify income with signed tax returns and/or bank statements.

Rental History Verification

  • Verify for the past 3 years
  • Must provide: Landlord Names, and phone number, email (if available) on the online application.

Criminal Background Check

SMART does check—Criminal, Sex Offender and Terrorist database

  • NO sex offenders
  • NO crimes—violent crimes, prostitution, domestic violence, possession of weapons or illegal drugs


MUST be 30 pounds & under & absolutely no violent breeds—ask SMART for the Pet Policy

  • 2 pets max
  • NO ferrets or snakes
  • NO Dangerous, poisonous or illegal pets
  • NO aquariums larger than 10 gallons

Emotional Support pets are NOT considered a Service Animal and not under ADA laws.