Short-Term Rentals Are NOT Always Easy Money
Why You Should Think Twice About Investing in Short-Term Rentals
As short-term rentals (STRs) grow in popularity, many potential property owners and investors are tempted by the prospect of quick profits. However, the evolving legal landscape—particularly in areas like Clark County, Las Vegas, Henderson, and North Las Vegas—makes STR investments more challenging and riskier than they seem. Understanding the potential pitfalls of STRs compared to long-term rentals can help investors make better, more informed decisions.
Navigating the Complex Legal Environment
In regions like Clark County, Las Vegas, Henderson, and North Las Vegas, strict regulations govern short-term rentals. These regulations create significant barriers to entry for STR investors. The constant changes in local laws add to the complexity, and non-compliance can result in costly legal issues, fines, or even the shutdown of operations. For many investors, the risks outweigh the rewards. For example:
- Clark County requires licensing, enforces distance restrictions between STR properties, and imposes strict noise and nuisance rules.
- The City of Las Vegas has stringent owner-occupancy requirements for STRs, making it difficult for non-resident investors to operate.
- Henderson and North Las Vegas have their own rules, including occupancy limits and licensing requirements, which investors must adhere to.
The Advantages of Long-Term Rentals
For those seeking more stable, lower-risk investments, long-term rentals offer numerous benefits:
- Predictable Income: With long-term tenants signing 12-month leases, you enjoy steady cash flow, making it easier to plan for maintenance, repairs, and other expenses.
- Easier Financing: Lenders typically view long-term rentals as less risky, offering more favorable interest rates and better financing terms.
- Lower Operating Expenses: Long-term tenants often handle basic responsibilities like cleaning and maintaining the property, reducing the owner's operational costs.
- Reduced Tenant Turnover: With fewer vacancies and longer lease terms, managing long-term rentals requires less effort and reduces turnover-related costs.
- Cost-Effective Property Management: Management fees for long-term rentals are generally 10% of the monthly rent, compared to as high as 30% for STRs.
- Lower Furnishing and Upkeep Costs: Unlike STRs, which need constant upkeep and furnishing, long-term rentals require minimal ongoing investment.
- Lower Risk of Legal Issues: Long-term rentals are subject to fewer regulations and zoning laws than STRs, reducing the potential for legal complications.
- Stable Rental Market: Long-term rentals provide consistent demand and income, avoiding the seasonal fluctuations common in the STR market.
- Long-Term Tenant Relationships: Building strong relationships with tenants can result in better property care and prompt reporting of issues.
- Time and Flexibility: Managing long-term rentals requires less day-to-day involvement, giving property owners more freedom to focus on other investments or personal pursuits.
McKenna Property Management: Your Partner for Success
For investors looking to make the most of their long-term rental properties, McKenna Property Management is the perfect partner. With years of experience and a reputation for excellence, McKenna provides expert property management services designed to maximize your returns while minimizing the day-to-day responsibilities. Whether you're new to investing or an experienced property owner, McKenna's team is ready to help you achieve lasting success in the rental market.
Ready to secure a healthy, stable investment? Contact McKenna Property Management today and let us handle the details.
This summer, The Cosmopolitan of Las Vegas invites guests to its iconic Boulevard Pool for the return of Dive-In Movies, a unique poolside cinema experience. Every Monday evening from May 19 to September 1, guests can enjoy a selection of blockbuster hits and timeless classics projected on a 65-foot digital marquee, all while lounging poolside or taking a dip in the pool. Event Details: • Dates: Mondays, May 19 – September 1, 2025 • Doors Open: 6:15 PM • Movie Starts: 8:00 PM • Location: Boulevard Pool, Level 3, accessible via the Boulevard Tower escalators • Admission: $15 for non-hotel guests; $10 for Las Vegas locals with valid ID; complimentary for hotel guests, Identity Membership & Rewards members, first responders, and military personnel with valid ID; children aged 5 and under are free. Upcoming Movie Lineup: • June 9: Harry Potter & The Sorcerer’s Stone • June 16: Wicked • June 23: The Goonies • June 30: Top Gun • July 4th: Top Gun: Maverick • July 7: Despicable Me • July 14: Inside Out 2 • July 21: Happy Gilmore • July 28: Elf • August 4: Lilo & Stitch • August 11: Twilight • August 18: Mean Girls • August 25: Legally Blonde • September 1: Good Burger For those seeking a more luxurious experience, cabana and daybed reservations are available, which include a food and beverage minimum and complimentary admission to Dive-In Movies. Reservations can be made by calling 702.698.6797. Whether you're a hotel guest or a local resident, Dive-In Movies at The Cosmopolitan offer a memorable way to enjoy a night out under the stars with the Las Vegas Strip as your backdrop. The above info is subject to change, stay up to date on The Cosmopolitans website. https://cosmopolitanlasvegas.mgmresorts.com/en/entertainment/dive-in-movies.html
Nestled in the heart of Las Vegas, Wagging Tails Rescue is a dedicated 501(c)(3) nonprofit organization committed to saving homeless and abandoned dogs from high-kill shelters and owner surrenders. Unlike traditional shelters, Wagging Tails Rescue operates through a network of loving volunteers and foster homes, providing temporary safe havens for dogs — especially pregnant moms and orphaned puppies — until they find their forever families. With no physical facility, the rescue’s strength lies in its community of passionate foster caregivers who nurture these pups with love, care, and attention. Beyond rescuing dogs, Wagging Tails Rescue champions responsible pet ownership through education on spay/neuter, positive behavior training, and proper nutrition. Want to meet some of these adorable dogs and maybe even adopt? Keep an eye on their Instagram @waggingtailsrescuelv for updates on frequent adoption events. From fun puppy yoga sessions to gatherings at Petco and even “Puppies and Pints” at Lovelady Brewery, there are plenty of opportunities to support and connect with this amazing rescue. Every wagging tail tells a story — and at Wagging Tails Rescue, those stories always end with hope and a happy home.
If you’re a first-time visitor to Las Vegas, the idea of paying for parking might not be as big of a deal as it is to those of us who’ve been around for a while. Just a few years ago, it was practically unheard of to pay for parking on The Strip. Free parking was a standard expectation for both locals and casino guests alike. But times have changed, and many of the big casinos along the iconic Las Vegas Strip have started charging for parking. While we’ll let you draw your own conclusions about whether or not parking fees are justified (locals, we feel your pain), we’re here to guide you on where to park on the Las Vegas Strip. So, buckle up, and check out our list to see where you can park for free as a local! First three hours of self-parking are free for locals: • The Aria • The Bellagio • Caesar’s Palace • The Cosmopolitan • The Cromwell • The Excalibur • The Flamingo • The LINQ • Luxor • The MGM & Park MGM • Planet Hollywood • Wynn & the Encore Free Parking across the board • Rio • The Palms As a final tip when it comes to visiting the strip: Check and see if the casino does any sort of parking validation. A lot of times they will give you free parking if you spend a certain amount of money inside, are a guest (on a staycation) or are a certain tier level among their rewards programs. Remember, it never hurts to ask. If you're visiting Las Vegas, be sure to check with your hotel about whether parking and valet services are included when you book your room. It's a cost worth factoring into your trip planning!
