Beware Of Renting In Las Vegas!
I received a call last week from a person that was looking at a rental property that was listed in the Multiple Listing Service for $950 a month. She stated the same property was listed on Craigslist for $500 a month. This happens more than you think and you should beware of this
Some of the rental homes on Craigslist are actually a scam. Criminals are taking advantage of people by taking their hard earned money for security deposits, first month's rent, admin fees and cleaning deposits and disappearing with the money. In some cases, the criminals may actually give the person a key to the home. In other cases, they tell the potential renter they need to run a background check before giving them a key to the home. In either case, they take off with the renter's money. If the people actually receive a key, it doesn't take long before the owner or property management company discovers they are living in the home illegally. In very few cases, the people are able to stay in the home because the owner feels sorry for them. In most cases, they are ask to leave the home and have to find another home to rent. This means coming up with deposits and first month's rent
Here are a few things you will want to do before renting a home in the Las Vegas/Henderson areas. Check the tax records at https://www.clarkcountynv.gov/Depts/assessor/Pages/PropertyRecords.aspx?H=redrock&P=assrrealprop/ownr.aspx to see who actually owns the home. Print out the deed. Ask the person that's renting the home to see their driver's license and the deed that's registered with the County. If it doesn't match the deed there's a problem. If the owner is listed as a bank, ask for the person that's renting the home for their name and number. Verify this with the bank before giving anyone your money.
Ask if the owner is current on the house payment, taxes & home owner association payments. If they're not, beware of that home as a rental. You can check to see if the taxes are current at the County's website at www.clarkcountynv.gov/depts/. A property profile on the home will tell you if the owner is current on the house or HOA payments. You can get this from the local title companies. Trust your gut and your mind. If they're telling you there's something wrong, you're probably right. The last thing you want after moving into a home is to find out the owner has not paid their payments and the bank is foreclosing on the home. The other thing to check is to make sure the HOA does not have any limitations on rental properties in the community where the home is located. Many communities allow rental properties but some HOA's do not allow rentals at all or they only allow a percentage of the homes in the community to be rented. You don't want to get moved in and be told you have to move because the community does not allow rental properties. Believe it or not some owners never read the CC&R's (HOA rules & regulations) and don't even know they cannot rent their home.
Renting a home can be a scary situation but it doesn't have to be. Doing your homework will help eliminate any of the issues stated in this blog. Do your due diligence and you should be alright. All renters in Nevada have rights. You can see what these rights are by going to https://portal.hud.gov/hudportal/HUD?src=/states/nevada/renting/tenantrights. I hope this helps you be more informed in regards to the information you need to know when renting a property.
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