Las Vegas Just Fined A Homeowner Big Bucks For Vacation Rentals Without A License

Dated: 03/12/2018

Views: 511

The Las Vegas City Council just levied a $72,900 fine to a homeowner for leasing her home on Airbnb and HomeAway without a license. 


I told you so:

http://bethellynrosenthal.nv.exprealty.com/blog/Investors+Short+Term+Rentals+Are+Tough+Work+In+Vegas


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!

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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!


((hugs)) BETH Ellyn

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BA: Yale

MS: Columbia

MBA: L'ecole du Hard Knocks


Licensed in Nevada since 1996: I have previous!

When competence AND creativity matter!

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Beth Ellyn Rosenthal

I like to be a pioneer.I I am the founding state broker for Nevada for eXp. I am agent 61 out of over 15,000 now. I was in the first class of women to graduate from Yale. I've had my real estate licen....

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