You’ve probably read the stories about people buying homes in Las Vegas and turning around to make $1,000 a week off of their investment. Those stories, while inspiring, often leave off many important details. For example, how many weeks per year do they rent those homes or condos? If they make $1,000 a week in rental income, but only rent it 5 weeks out of the year, you can see that it isn’t that great of an investment after all.
The other question you must ask yourself is how much money it costs them to rent their home or condo. How much money do they spend advertising their unit for rent? How much money do they spend having professional pictures taken, showing the unit to potential renters, decorating it to appeal to renters, cleaning up after renters… the list is seemingly endless.
For many, a much better rental property is a high rise like the MGM Signature Condo Hotel. Purchasing this unit for part time use and then renting it out the rest of the time can be much easier than if you were to purchase other homes or condos.
First of all, this is a unique property because they don’t put the use-restrictions on the owners the way other high rises often do. Not only do they allow you to rent the unit, but in fact they have a program to handle all the details for you. Their leasing experts find renters, they check them in, they deal with all of their needs. Once they check out, housekeeping comes in to clean the unit as good as new. It really couldn’t be simpler.
Not only does this mean you won’t have to deal with the cost of finding renters and keeping them happy, but it means you’ll be much more likely to have your unit rented. After all, wouldn’t most people visiting Las Vegas want to stay on the strip, and stay in a high rise owned by a company they know and trust?
Of course, there are some really impressive amenities offered to potential renters that simply can’t be beat. From several pools, to in-building restaurants, to concierge service, guests are truly treated as though they’re kings and queens.
Want to know more about the rental split program? We encourage you to contact us now to find out if this is the rental property investment you’ve been searching for.
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