[romeopizza]

After five years in Vegas, I left for Virginia for a new opportunity. However, I am renting out my condo near the Strip to get extra income before I list it.
Lots of the replies from potential applications when I asked about their work and income were people who said along the lines of "I am in between jobs" or "well I am waiting for my job" or "I am interviewing at the casinos but I will get my job end of the month" or "i am waiting for an offer". Like seriously?
The worst were some couples where neither spouse worked.
ALL of them had awful credit scores.
Luckily I found someone that works for the city and he has stable source of income, and nothing shady came up.
I always thought it was a joke that people move to Vegas without having a job at hand, but it is a scary reality.
Unless it is a couple with one spouse making legit money or it is a smokin hot babe, I can't see anyone moving to new place like Vegas without having a job.

[nuggznsauce]

I think a lot of people look at Vegas as a place to escape their problems. They visit once and convince themselves it's a magical town where jobs grow on trees and all housing is practically free! The reality that this is just another city where you need a job to qualify for housing and residency is going to be required for most jobs.

I also see a good chunk of desperate people trying to rent the condos around me. It's always a last ditch attempt at anything because they burned all their other options through the years. So they take the chance the private landlords aren't paying attention to the details or have management that can be bribed. Sometimes it works and they get the place for half a year before getting chased off.

Sounds like your on top of it though. Every major city is seeing this increase especially after the pandemic when landlords regained full control of their tenants and property.

[rrampage]

Originally Posted by romeopizza

After five years in Vegas, I left for Virginia for a new opportunity. However, I am renting out my condo near the Strip to get extra income before I list it.
Lots of the replies from potential applications when I asked about their work and income were people who said along the lines of "I am in between jobs" or "well I am waiting for my job" or "I am interviewing at the casinos but I will get my job end of the month" or "i am waiting for an offer". Like seriously?
The worst were some couples where neither spouse worked.
ALL of them had awful credit scores.
Luckily I found someone that works for the city and he has stable source of income, and nothing shady came up.
I always thought it was a joke that people move to Vegas without having a job at hand, but it is a scary reality.
Unless it is a couple with one spouse making legit money or it is a smokin hot babe, I can't see anyone moving to new place like Vegas without having a job.

I've done it many times. If you have plenty enough saved, it really doesn't matter.

Now, of course, these are different times. You're certainly figuring that out.

Inflation reeks it's havoc, eventually. Timing is everything in the market.

[norman_w]

I think its a lot like South Florida most are on permanent disability or waiting for it.

[romeopizza]

Originally Posted by nuggznsauce

I think a lot of people look at Vegas as a place to escape their problems. They visit once and convince themselves it's a magical town where jobs grow on trees and all housing is practically free! The reality that this is just another city where you need a job to qualify for housing and residency is going to be required for most jobs.

I also see a good chunk of desperate people trying to rent the condos around me. It's always a last ditch attempt at anything because they burned all their other options through the years. So they take the chance the private landlords aren't paying attention to the details or have management that can be bribed. Sometimes it works and they get the place for half a year before getting chased off.

Sounds like your on top of it though. Every major city is seeing this increase especially after the pandemic when landlords regained full control of their tenants and property.

Yeah I don't want to say it is isolated only to Vegas, but wow to do it in Vegas of all places someone really is playing with matches in a room full of powder kegs.

I also would never move to an opportunity unless the company is paying for the relocation OR my wife is making way more money than me and she is the one getting the new opportunity.

I also agree with you that people have a way too idealized version of Las Vegas. Don't get me wrong, it was an awesome five years for me and I love the friends I made, and who who knows, I may return one day if the stars align again. But the deal is, it is ridiculous that one just one moves to a place even with so much in savings and hopes to get a job and that job is probably just low wage at best.

[romeopizza]

Originally Posted by norman_w

I think its a lot like South Florida most are on permanent disability or waiting for it.

I dunno, I seen in the case of Miami people that move there have everything lined up. But the people I screened were between 20s to mid 40s. It was a pain in the ass though.

[blameyourself]

Eh, my wife and I moved without jobs. But we had $4k coming in on rental income on the house we left and had enough money in the bank to rent an apartment for 5 years. We also were moving to a significantly lower COL. We had new jobs within 3 months.

[Merrily Gather]

Gig economy. They drive uber, lyft, doordash..to make ends meat until they land one of the many part time jobs with no benefits here.

[apple92680]

A lot of what you're seeing is the lower-tier being driven from California. They either go to Nevada or Arizona, and Arizona is much less accommodating when you don't have your **** together.

[blameyourself]

Originally Posted by apple92680

A lot of what you're seeing is the lower-tier being driven from California. They either go to Nevada or Arizona, and Arizona is much less accommodating when you don't have your **** together.

No need for subjective opinions on this one. The prospective tenants filled out an application. If your claim was true, he would know that (especially if he was running credit scores).