Searching for Rental Properties in Las Vegas

by | Apr 12, 2013 | Real Estate

Finding a rental property in Las Vegas can be both overwhelming and frustrating. Don’t settle for second best because you are tired of looking, or need to move quickly. Find a realtor that can help you in your search. The more eyes you have looking for rentals in Las Vegas, NV the more options you will have access to. There a few factors to consider when looking for the perfect rental.

Finding Your Dream Home

The first step is to open up opportunities. You don’t want to miss a great deal or the perfect home for your situation. Look in the classifieds, pick up a rental guide, scour the internet and hire a Realtor. It is often true that realtors have access to exclusive rental properties you will not find anywhere else. Sometimes they will get paid from their client rather than transferring that cost on to you, so it may turn out to be at no cost to you. You need to make a list of required criteria and give it to your realtor. Measure your furniture and include it on your personal criteria list and take it with you to all showings. Bring a tape measure to any potential houses and measure the space to make sure it will accommodate your furniture. Don’t ever assume that the space is big enough for your belongings. You should also evaluate your current situation and plan for the correct amount of bedrooms and bathrooms.

Budget

When you are making your rental budget a good rule is not to let your monthly payment exceed one fourth of your total monthly income. Divide your monthly income by four and the number you wind up with will be your maximum rental capacity. Many places will not even consider your application unless you can prove that that the rent they charge is no more than a quarter of your income. You also have to take other factors into consideration as well. Calculate how much gas it will take to travel to work, school and other frequently visited locations. Don’t just take the monthly payment at face value. If the rent is cheaper, but 15 miles further away from your work, it may cost just as much as a more expensive property closer to your employment. If the house you move into is larger than your current home, you will also have to adjust the monthly utilities to reflect higher consumption. Another factor to consider will be the upfront costs associated with the move such as deposit, application fees, pet fees, moving van rentals and the first month’s rent. If this is your first place on your own, you will also have to factor in water and electricity deposits as well as phone, cable and internet deposits.

Costello Realty and Management Inc. manages an extensive list of rentals in Las Vegas NV.

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