Las Vegas Property Management Blog, the G-Gram

Opportunity Zones – Learn More About the Latest Real Estate Investment Strategy

George Trombley - Wednesday, April 10, 2019
Property Management Blog

Are you searching for real estate investing information online? If so, one of the newer investment strategies that you will have heard about is an Opportunity Zone.

Created in 2017 as part of the Tax Cuts and Jobs Act, Opportunity Zones are Census Tracts that have been classified as economically distressed. The goal of this program is to stimulate investment in these areas by offering investors incentives like the ability to defer paying Capital Gains on the sale of their properties for 7 years by investing the proceeds of their sales into O Zones.  

In the State of Nevada, there are 61 Opportunity Zones right now and the Las Vegas area is home to about two-thirds of all Opportunity Zones in the State.

Learn more About Nevada Opportunity Zones

What’s notable about Las Vegas area Opportunity Zones is that The Strip, McCarran Airport and Raiders Football Stadium are all located within what can be classified as Opportunity Zones.

In Nevada’s Opportunity Zones the Median Household Income is $30,011, Poverty Rate is 31.09% and the Unemployment Rate is 14.18%.

The counties that fall within Nevada’s Opportunity Zones include Carson County, Douglas, Humboldt, Storey, White Pine, Washoe and more.

Some of the top cities in Nevada that are located in Opportunity Zones include Las Vegas, Henderson, North Las Vegas, and Reno.

Get Las Vegas Property Management

Regardless if you invest in Las Vegas real estate that’s located in an Opportunity Zone or not, the smart thing to do is to hire a property manager to professionally manage your Las Vegas investment property.

When you hire a property manager like Blackbird Realty and Management you can have confidence that we will save you the time, money and hassle of managing your Las Vegas area rental properties yourself.

Some of the wide variety of services that we can offer you include rent collection, property marketing, maintenance, customer service, accounting and more!

To learn more about the property management services we can offer you contact us today by calling (702) 903-3556 or click here to connect with us online. 

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