Here is the math: The homeowner collected $108,000. The city lost out on $16,000 in owed room taxes. That's $16,000 reasons to get mad!
The permit costs $1,000 a year.
With the fine, the homeowner still netted $35,100.
My 2 cents: Get the permit! If you can't ( city regulations say vacation rentals have to be 660 feet from each other, so you are sunk if your neighbor gets there first), figure out the profit and loss before you go ahead. Because as you locals know, paying the fine is a business strategy here in Las Vegas.
((hugs)) BETH Ellyn
P.S. Are you happy with your Zestimate? I can help. Reach out!
Trust eXp Realty and our team of real estate agents to help you find homes for sale or to sell your current home. We recognize the level of service that the mobile consumer demands. You have information. You have dreams. We possess experience, integrity, and innovation. Together we create leverage to make your dreams a reality.
Las Vegas 1st Time Home Buyers May Be Forced out of the Las Vegas Real
"I worked with Jake Soteros from Horizon Realty for the purchase of my last home. Jake was great throughout the whole process. He was always willing to answer my questions and adapted to my availability. Due to work and my lifestyle, texting is the best form of communicating for me and he was always very accommodating. We had some issues with the seller of my property and Jake always fought for my best interest and was never afraid to voice my concerns. He is not only a good agent but a man of principal and high moral standards. It was truly a pleasure working with him..."