Are Short Term Rentals Allowed in Las Vegas?

Are Short Term Rentals Allowed in Las Vegas?

Is Airbnb Allowed In Las Vegas?

As a property owner in Las Vegas, you may be hoping to utilize short-term rental services like Airbnb, Vrbo, or Home Away to rent your property for higher passive income rather than through a standard longer-term rental property agreement. But Is Airbnb allowed in Las Vegas? 

Las Vegas Short Term Rental Regulations Explained

Tourists and other visitors to Las Vegas will be looking for the perfect accommodation that provides a full house and amenities that are still close to the Las Vegas Strip, and many are used to turning to services like Airbnb for alternative arrangements to hotels. 

Before purchasing an investment property in Las Vegas, understand there are varying laws regarding short-term rentals like Airbnb, and it even differs along the Las Vegas Strip because the north end of the Strip and downtown Las Vegas is part of the City of Las Vegas and the rest of the Strip is part of Clark County.

Is Airbnb Allowed In Clark County?

If your property is located in Clark County, which is the majority of the strip and surrounding area, then short-term rentals like Airbnb, which are less than 31 days, are not allowed and are currently considered illegal. 

Can Clark County do much if you decide to still provide short-term rentals on Airbnb anyway? Unfortunately, they can, and fines are $1,000 per day for violating the law, which means if somebody is renting your property through Airbnb for six days, that’s $6,000.  

Clark County also encourages your neighbors to report any short-term rental accommodations from sites like Airbnb, which will then be investigated and fines issued. 

Some resort properties located on the Las Vegas Strip such as MGM Signature are allowed to list their properties on short-term rental sites like Airbnb. You could say this is because they’re big businesses, but the reality is that they’re set up for short-term rentals rather than dedicated to locals that may need accommodation.

Short-Term Rental Laws Are Changing In Nevada

The good news is that laws are changing, and Nevada has passed a bill that will force Clark County to legalize and regulate short-term rentals such as Airbnb, but what those regulations will be are yet to be determined. The law comes into effect on July 1, 2022.

Nevada has set some specific guidelines that must be followed, which may or may not positively impact your ability to offer your short-term rental property through Airbnb. Some of the guidelines include:

  • New tax rates
  • Applications must be submitted
  • Annual fees for permits
  • Minimum stays
  • Maximum occupancy
  • 660 feet between two short-term rental properties (excluding some shared properties)
  • 2,500 feet between a short-term rental property and a resort
  • 10% maximum of units in a complex can be offered for short-term rentals
  • Apartment buildings are prohibited explicitly from short-term rentals
  • Short-term rentals must have a local representative available 24/7
  • Maximum 5 short-term rental permits with 1 per property

If you had hoped to list your property on Airbnb but fall within the restrictions of the new state laws, then you’re still out of luck, and Airbnb will not be an option for your rental property.

Are Short Term Rentals Allowed in Las Vegas?

The City of Las Vegas, which covers many of the tourist spots in Las Vegas, such as downtown, the North Las Vegas Strip, and Freemont street, allows short-term rentals, so Airbnb is allowed under specific conditions.

To offer short-term rentals through Airbnb in the City of Las Vegas, you must: 

  • Register a business
  • Pay a $500 annual fee for a permit
  • Ensure your property is 660 feet from other short-term rental properties
  • The owner must live on the property 

All of that is pretty reasonable, but the last requirement may throw a wrench into your plans. You will either need to share your home with short-term renters by offering a spare bedroom or another part of your property, or you need to temporarily not be in the property during the short-term rental agreement. 

As mentioned above, the potential good news is that Nevada has passed a law that forces jurisdictions to allow and regulate short-term rentals. So the requirements for short-term rentals may change for the better, but you’ll need to wait until closer to July 1, 2022 to see how the new state laws impact the City of Las Vegas short-term rental laws. 

The potential bad news is that there may be new requirements rather than any changes under new state laws, which could mean your current short-term rental on Airbnb may no longer be legal, and your permit will be denied.

Are Las Vegas Short-Term Rental Laws Reasonable?

When you purchase a rental property in Las Vegas, you want to make money, and often short-term rentals through Airbnb are an effective way to do that. 

Airbnb can provide a constant flow of higher-paying visitors than if you rented long-term to a local, especially when you’re looking at the Las Vegas area because it’s a high-traffic tourist destination that is rarely lacking for tourists or business travelers.

From a local perspective, Airbnb has caused a few issues to other property owners and local renters, which is why laws restrict it and why Nevada is trying to standardize laws around short-term rentals like Airbnb. 

Offering short-term rentals through Airbnb means local renters miss out on the opportunity to live there, and the more property owners that list their rental property on alternative accommodation sites means the harder it is to find a place to live for locals due to lack of options and higher prices.

Conclusion to Short-Term Rental Rules in Las Vegas

People coming to Las Vegas as tourists often want to party, and when this is done in Las Vegas hotels or resorts, they can be contained and have the proper resources available.

When rowdy tourists seek alternative accommodations, there is nobody to really deal with the noise or disruption unless you plan to call the police. You also have a constant flow of strangers coming into your area, building, or private locations. 

The Las Vegas laws surrounding short-term rentals are meant to protect locals while opening up opportunities for property owners to make money on their investment. The Nevada state law changes may be a positive change, so everybody has a fair chance.

Post a Comment