Suggestions
Eric Fernwood
Property Investment Realtor - Full Service Rental Purchase, Renovation, and Management - NV License # S.67069
Eric Fernwood is a seasoned Realtor with Keller Williams - VIP Realty, based in Las Vegas, Nevada. He is the founder of the Fernwood Real Estate Investment Group, which he established in 2005 to assist clients in navigating real estate investments effectively. With a focus on helping high-income individuals achieve financial independence through real estate, his team has successfully delivered over 530 investment properties, boasting a repeat business rate exceeding 90% from satisfied clients.12
Fernwood's approach integrates data science and engineering principles to identify profitable investment opportunities tailored to each client's financial goals. He emphasizes a hands-on service model that manages every aspect of the investment process, from property acquisition to renovation and management, ensuring minimal client involvement while maximizing returns.23 His expertise has led many clients to retire on rental income alone, highlighting the effectiveness of his strategies in the competitive Las Vegas market.12
In addition to his real estate endeavors, Eric has a background that includes experience at IBM Global Services, showcasing his diverse professional skill set. He holds a Nevada real estate license (S.67069) and is actively engaged in educating potential investors through various platforms, including his blog and Substack.24
Highlights
Las Vegas single-family rental homes are not following typical seasonal trends this year.
The number of homes rented has been increasing since last fall, as opposed to the usual dip during fall/winter. This indicates increasing demand.
At the same time, the number of homes for rent decreased (rapidly in February), as opposed to the usual peak during fall/winter. This indicates limited supply.
As interest rates rise, more people are forced to rent. Increasing demand coupled with decreasing supply means that rents will go up.
Note that the charts only include properties that we target.
- Type: Single-family
- Configuration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garage, minimum lot size is 3,000 SF.
- Price range: $320,000 to $475,000
- Location: our target areas.
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