Tired of apartment living? Considering one of the Las Vegas condo rentals as your next home? Excited by the prospect but not sure what you to do to make sure your experience is a good one?
It’s certainly no secret there are potential problems to avoid when you are a tenant. And regardless of whether you are renting Las Vegas apartments or condos there are lessons to be learned. Which you can learn the hard way from first hand experience or from the know-how of others.
First there’s that legal document - the lease. Don’t just sign off assuming leases for all Las Vegas condo rentals are alike. Not true. Much like with Las Vegas apartment rentals you want to read it so you know what you are agreeing to. Reading it will let you make sure you understand what’s expected of you.
Know how much can you afford. You generally don’t want your rent to be more than 30% of your income. If it is you should proceed cautiously. If you’ve got a roommate moving in with you can you afford to pay the entire thing if your roommate bails on you?
If you’ll be paying utilities see if past months bills aren’t available to give you an idea of what to expect. Also ask if you will have to put down a deposit with the utility company. If so how much?
Then, too many fail to bother to find out about the neighborhood. Check it out on weekends, in the evening and after dark. Does it seem safe? Are people out and about? What about security?
With condo living you might ask about the percent of units in the complex that are currently rented. Less is more since owners tend to be more stable, quiet and make better neighbors. Also check with the city to see what the crime statistics say about the neighborhood.
Like an apartment you’ll want to inspect the unit noting what doesn’t work or is broken on the lease - with a commitment from the owner to take care of the problems.
Along the same lines be professional when dealing with any Las Vegas condo owner. Get everything in writing since verbal agreements can lead to misunderstandings.
Don’t forget renters insurance. The owners’s insurance will not cover any belongings of yours damaged by fire or water
Frank Farage is contributing author to the site TakeMeHomeToVegas.com. There you’ll find helpful info about buying and selling Las Vegas real estate. Covering topics like lining up a loan once you’ve found the perfect condominium among the
Las Vegas condo listings of units for sale.
