Rules for Short-Term Rentals in Las Vegas: A Complete Guide

Las Vegas is an ideal place for short-term rentals (STRs), But this city has strict regulations to reconcile the interests of property owners, tenants and neighbors. If you are planning to convert your home to an STR or already have one, read on to know what to do in order to remain compliant and successful.

A financial advisor can help you to understand the Short-Term Rentals. Contact Las Vegas realtors for your smart STR move investment.

Las Vegas Rental Market Overview

Based on AirDNA’s recent statistics, the Las Vegas short-term vacation rental market continues to exhibit dynamic and encouraging trends. Its market score of 82 places Las Vegas high on the list of preferred investment destinations for real estate, fueled by strong rental demand and stable growth in revenues. Key metrics for January 2024 include:

• Annual Revenue: $15.8K
• Occupancy Rate: 33%
• Average Daily Rate (ADR): $181.9
• Revenue Per Available Room (RevPAR): $94

What Qualifies as a Short-Term Rental in Las Vegas?

Short-term rentals in Las Vegas are properties rented for less than 30 days, such as vacation houses, apartments, and personal homes. Major requirements include:

• Bedroom Limit: Maximum of three bedrooms.
• No Events: Weddings, parties, and big gatherings are not allowed.
• Owner-Occupied: The house must be the owner’s primary home.

Rules for Short-Term Rentals in Las Vegas

To operate an STR in Las Vegas, you must comply with these rules.

1. Conditional Use Verification (CUV): Submit a CUV application, including a site plan, floor plan, and justification letter. After approval, pass a home inspection and apply for a business license.
2. Business License: Pay a $500 application fee and provide proof of liability insurance, a short-term rental affidavit, and emergency contact information.
3. Distance Requirements: STRs must be at least 660 feet apart to prevent neighborhood oversaturation.
4. Noise Ordinances: Quiet hours from 10 PM to 7 AM are implemented to reduce disruptions.
5. Taxes: Collect and remit a 13% transient lodging tax on rental income.

Why Compliance Matters?

Non-compliance with STR regulations could lead up to $1,000 fines per day, license suspension, or legal action. Compliance not only prevents penalties, but it also provides your visitors and neighbors a pleasant experience.

Tips for Managing Your Short-Term Rental

Maintaining an effective STR takes strategy and also caution. Below are some guidelines:

• Keep It Clean: Hire professional cleaners to make your property clean for each visitor.
• Improve Your Listing: Include quality photos and emphasize amenities to draw tenants.
• Set Competitive Pricing: Adjust rates seasonally and for local events.
• Provide Excellent Service: Respond quickly to inquiries and address guest concerns promptly.
• Improve Security: Fit smart locks, security cameras, and adequate lighting.

Final Thoughts

Short-term rentals are a successful investment in Las Vegas, though they’re strictly regulated. Having knowledge of the regulations and being compliant with them, you’ll be able to get the most from your rental income and maintain a good relationship with the people. If you find yourself lost, you may want to seek the advice of LV Realtors or a financial consultant to help you through.