The 1% rule says monthly rent should equal at least 1% of a property's purchase price, like $4,000 rent on a $400,000 home. In Las Vegas, long-term rentals often miss this mark, but short-term rentals and furnished mid-term rentals for travel nurses and digital nomads can hit the target.
Ever wish there was a cheat code for spotting good rental properties? Meet the 1% rule, which is a good rule of thumb for real estate investing. Here's how it works: a property should rent for at least 1% of its purchase price each month. So, if a home costs $400,000, you'd want at least $4,000 in monthly rent. Easy math, high stakes. Now, in Vegas, hitting that number with a traditional long-term rental is tough. Prices are up, but rents haven't always kept pace. That's where licensed Airbnbs and furnished midterm rentals come in. With furnishings included and flexible lease terms, you will pull in higher monthly rates, which can help push you over that 1% target. Think travel nurses, corporate trainees, insurance-displaced families, and digital nomads. They don't relocate with furniture, and they're willing to pay more for the convenience of not having to furnish the place. The 1% rule won't tell you if a deal is great, but it will tell you if it's even worth a second look. Use it to filter out duds fast and focus your energy on potential winners. Follow for more real estate insights and please send me a DM if you know anyone who needs professional rental management.
