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Any recommendations on high rise rentals on the strip? Any recommendations on high rise rentals on the strip?

07-18-2018 , 03:18 AM
Im having a lot more trouble than I thought I would trying to find out what high rises rent out. So far I have found Veer tower which doesn’t seem bad but honestly that’s the only one I keep seeing pop up for rentals. Do you guys know of any worth checking into?
Any recommendations on high rise rentals on the strip? Quote
07-18-2018 , 12:07 PM
How long of a term are you looking for? That could easily impact the replies you get. There are plenty of one-month type places you could find on VRBO or similar sites.

Also, what sites are you using for your search and what sorts of parameters? And have you thought about working with an agent out there. While most are doing more sales than anything else, there are lease listings on the real estate database as well and there would be some agents that can work with you in setting up a search that emails you automatically as new properties list (I have one doing that with the condo purchase I am contemplating, so I see new listings daily).
Any recommendations on high rise rentals on the strip? Quote
07-18-2018 , 01:00 PM
Have you tried Allure, SKY, or Vdara? If closer to downtown is OK then you've also got Juhl, Newport Lofts, The Ogden (which might depend on "high-rise")
Any recommendations on high rise rentals on the strip? Quote
07-18-2018 , 02:19 PM
I went through King of Condos when I lived at the Juhl. King Of Condos is mostly shady/unethical and will require a very large deposit for anyone "self employed". Before I settled on Juhl, I shopped a bunch of highrises and settled on Juhl for the location to Fremont/Strip/I-15 as it was much easier getting home and away from home when there's traffic rather than pulling out on a busy LVB. They were also the fastest approval.

A lot of what you get, quote wise is going to vary as the majority of these high rises are all owner owned units with a property management company taking care of the unit for them. You'll see a lot of owners who want their tenants to pay for the HOA fees, and a set price for "electric/water/gas". I would pass on those listings as almost all of the high-rises operate on submetering so paying directly to the submetering company for my 680 sq ft place was only $40-60/mo. For another unit, the same size, in my same building I was quoted almost $400 more as the owner was lumping their HOA fees in the price and gouging the costs of utilities. Renters should not be taking care of HOA fees. When there's an issue, the renter contacts the property management company, not the HOA as the HOA only has direct involvement with the owner so don't fall for that trap.

Where King Of Condos and these other rental companies get shady, is when you fill out the application, pay them the fees and they tell you "Yeah, you're approved, there will be no problem getting you in this unit". Then a few days later, after they submit your information to the home owner (if they even do it) they can reject your application at "discretion of the owner". The first unit I almost rented was at Sky and I was told that same day that I was approved for the place and what the deposit numbers would be, they just had to contact the owner and it would be a couple of days as the owner didn't live in the U.S. A couple days later, I meet up with the agent expecting to sign, only for him to tell me "The owner rejected your application, they didn't provide any details so we're going to have to look at new apartments." The same happened with a unit I looked at in the Meridian.

Even though King of Condos was a PITA to deal with, I did get back my deposit timely when I moved out and their online self-service portal for issues/maintenance was very good and there was always a prompt response. I would go in expecting lots of reneging on deposits, fees, etc, especially if you're "self employed" or have low credit. FWIW, my credit was bad at the time, around 620. I had to provide 6 months worth of bank statements & deposits, and leave 2 months rent as security deposit in addition to paying first & last month even though I was netting ~$12k/mo between contract work/poker.

Most rental places use the same MLS. Even though it sucks, going through an agency is the best bet.
Any recommendations on high rise rentals on the strip? Quote
07-18-2018 , 04:53 PM
Quote:
Originally Posted by michelle227
How long of a term are you looking for? That could easily impact the replies you get. There are plenty of one-month type places you could find on VRBO or similar sites.

Also, what sites are you using for your search and what sorts of parameters? And have you thought about working with an agent out there. While most are doing more sales than anything else, there are lease listings on the real estate database as well and there would be some agents that can work with you in setting up a search that emails you automatically as new properties list (I have one doing that with the condo purchase I am contemplating, so I see new listings daily).
So basically looking for a 12 month lease - Im trying to avoid an agent just for the fact that the credit and rental history is really good, maybe its different in Nevada but in Florida that has helped tremendously with move in expense to deal directly with the property as I was always able to get approved with first months rent and a small or 1 month equivalent security deposit. I may wrong but it seems like all of the agents ive contacted have their own rules and kind of take of the listing and all want first last and security
Any recommendations on high rise rentals on the strip? Quote
07-18-2018 , 04:54 PM
Quote:
Originally Posted by Bonomo's ears
Have you tried Allure, SKY, or Vdara? If closer to downtown is OK then you've also got Juhl, Newport Lofts, The Ogden (which might depend on "high-rise")
This is very very helpful. Im gonna look into all of these places. SKY was the only other one I was able to stumble open
Any recommendations on high rise rentals on the strip? Quote
07-18-2018 , 04:57 PM
Quote:
Originally Posted by foatie
I went through King of Condos when I lived at the Juhl. King Of Condos is mostly shady/unethical and will require a very large deposit for anyone "self employed". Before I settled on Juhl, I shopped a bunch of highrises and settled on Juhl for the location to Fremont/Strip/I-15 as it was much easier getting home and away from home when there's traffic rather than pulling out on a busy LVB. They were also the fastest approval.

A lot of what you get, quote wise is going to vary as the majority of these high rises are all owner owned units with a property management company taking care of the unit for them. You'll see a lot of owners who want their tenants to pay for the HOA fees, and a set price for "electric/water/gas". I would pass on those listings as almost all of the high-rises operate on submetering so paying directly to the submetering company for my 680 sq ft place was only $40-60/mo. For another unit, the same size, in my same building I was quoted almost $400 more as the owner was lumping their HOA fees in the price and gouging the costs of utilities. Renters should not be taking care of HOA fees. When there's an issue, the renter contacts the property management company, not the HOA as the HOA only has direct involvement with the owner so don't fall for that trap.

Where King Of Condos and these other rental companies get shady, is when you fill out the application, pay them the fees and they tell you "Yeah, you're approved, there will be no problem getting you in this unit". Then a few days later, after they submit your information to the home owner (if they even do it) they can reject your application at "discretion of the owner". The first unit I almost rented was at Sky and I was told that same day that I was approved for the place and what the deposit numbers would be, they just had to contact the owner and it would be a couple of days as the owner didn't live in the U.S. A couple days later, I meet up with the agent expecting to sign, only for him to tell me "The owner rejected your application, they didn't provide any details so we're going to have to look at new apartments." The same happened with a unit I looked at in the Meridian.

Even though King of Condos was a PITA to deal with, I did get back my deposit timely when I moved out and their online self-service portal for issues/maintenance was very good and there was always a prompt response. I would go in expecting lots of reneging on deposits, fees, etc, especially if you're "self employed" or have low credit. FWIW, my credit was bad at the time, around 620. I had to provide 6 months worth of bank statements & deposits, and leave 2 months rent as security deposit in addition to paying first & last month even though I was netting ~$12k/mo between contract work/poker.

Most rental places use the same MLS. Even though it sucks, going through an agency is the best bet.
Wow ok this is really good infomation. So im a contractor but I work for an organization so I get normal pay statements etc. My income is basically right about the same as what you had stated you were netting. The rental history is perfect my credit is around 600, but my GF who will be cosigning has perfect credit so hopefully that well help move in cost swing a bit in our favor.

Either way im gonna check into KOC. Cant leave any options off the table here.
Any recommendations on high rise rentals on the strip? Quote
07-18-2018 , 05:50 PM
Quote:
Originally Posted by Potwinner
So basically looking for a 12 month lease - Im trying to avoid an agent just for the fact that the credit and rental history is really good, maybe its different in Nevada but in Florida that has helped tremendously with move in expense to deal directly with the property as I was always able to get approved with first months rent and a small or 1 month equivalent security deposit. I may wrong but it seems like all of the agents ive contacted have their own rules and kind of take of the listing and all want first last and security
No idea about Vegas, but when I used an agent here (Texas), it was just a regular run-of-the-mill realtor who showed properties listed on the MLS. I never got worried about deposit since the amounts were nominal even if they did require a first and last. Last time I had to deal with that stuff was before I turned 40 though...

And since the agent was working for ME, they were also working for themselves since, at least here, basically half a month's lease payment was the typical commission (with half going to the listing agent). Thus there was incentive to make the deal come to fruition...
Any recommendations on high rise rentals on the strip? Quote
07-18-2018 , 06:17 PM
Quote:
Originally Posted by michelle227
No idea about Vegas, but when I used an agent here (Texas), it was just a regular run-of-the-mill realtor who showed properties listed on the MLS. I never got worried about deposit since the amounts were nominal even if they did require a first and last. Last time I had to deal with that stuff was before I turned 40 though...

And since the agent was working for ME, they were also working for themselves since, at least here, basically half a month's lease payment was the typical commission (with half going to the listing agent). Thus there was incentive to make the deal come to fruition...
Thats interesting but it makes sense. I suppose not all agents are equal in terms of flexibility. I can see how it can be beneficial though especially given the agent has a huge incentive on renting out assuming hes mainly commission. Im going to look into some local agents
Any recommendations on high rise rentals on the strip? Quote

      
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