Need a REALTOR® for your
West Nevada area investment property?
OutofTownLandLord connects you with the West Nevada area’s very best property investment specialists. A licensed, experienced, dedicated REALTOR® who will deliver stunning results and stellar service. Learn about the REALTOR® and the West Nevada area market below.
Colleen McKoy, REALTOR®
West Nevada Investment Specialist
State: Nevada
Counties: Washoe, Carson City County, Douglas, Lyons
Cities and Towns: Reno, Sparks, Carson City, Dayton, Gardnerville, Minden, Genoa
Licensed Since: 2015
Company: Brick & Mortar Properties
About Colleen McKoy
I am a broker/owner and property manager at Brick & Mortar Properties in Carson City NV. I enjoy working with investors that are either looking to purchase/sell their investment properties and I am interested in managing investors rental properties. I am a long term buy and hold investor and understand the importance of buying correctly, finding quality tenants and managing a property to maximize cash flow.
About the West Nevada Area Market
Market Overview
Northern Nevada is a growing distribution hub for manufacturers, tech providers and Fortune 500 companies—and that growth, coupled with an expanding skilled labor force, low cost of living and business-friendly environment, has made the area a prime location for companies with West Coast distribution or those looking to lower costs. Several well-known companies, including Apple, Amazon, Starbucks, Panasonic and Tesla, have opened facilities in Northern Nevada. Bloomberg declared that Reno is starting to look more like Silicon Valley. But growth isn’t from tech-related industries alone. There is significant growth strictly on the warehouse and distribution side. Northern Nevada is experiencing a major housing shortage, especially when it comes to single family homes available for rent. The market is doing well for sellers and landlords. Reno's Median sales price just hit $400,000. 45%+ of residents living in California, specifically the Bay Area, want out and they have their eye on Northern Nevada.
Investment Price Points
Price point on single family residence depending on exact location starts at $200,000 to $250,000. Most often this price range will rent for $1,500-$1,700 month depending on size and location. Multifamilies on average provide an 8 cap. Appreciation with the areas rapid growth is the current draw for investors.
Free Report: Demographic and Housing Data on the West Nevada Market
Would you like free demographic and housing data on the West Nevada market? The report includes information on schools, income, employment, crime, average sale prices, fair market rents and more. You can get reports on the whole market or zero in on a specific zip code.
This report has all the info you need to help you decide if the West Nevada market is right for you! Click here to get your free report.
