Let’s consider Stephen Gray’s suggestion, “Just go to weekly.” A prominent Las Vegas weekly hotel that I know of with mixed reviews charges about $240 per week. If we also add in the 12% hotel tax and multiply by 30/7 to get an equivalent monthly rate, we get $1152 per month. In contrast, I rented a room with a private bathroom for $450 per month, all utilities included. Of course, the hotel has additional amenities, like housecleaning, but still, that’s a big price difference.
I just signed a lease for a room (on my third day of searching).
“Stephen Gray” (probably not his real name) sent me an e-mail advising “Just go to weekly.” Hey, Stephen, why do you say that?
Original ad posted on craigslist:
$500 real estate investor / property manager looking for a room (Las Vegas)
I just finished renovating the property where I have been living for a little over a month and now that I’ve found a new tenant, I need to move out. I have excellent credit and substantial assets. I’m looking for a month-to-month arrangement and it’s likely that I will leave after just a few months once I find another opportunity (so I guess I’m probably going to end up staying in a weekly hotel, but I want to see what other options I might have). I’m OK with sleeping on an airbed (I’ll bring my own). I am willing to consider any location in the Las Vegas metro area, but Henderson is somewhat more convenient for me. I’m also interested in purchasing real estate, though I suspect better deals will be available later, once the banks have better adapted to AB 284.
Here is an e-mail I received from “YRU” (who provided a non-working e-mail address starting with yrusoodumb):
Do you know what a clown you sound like? What a load of bullshit. You’re a real estate investor and property manager and sleeps on an air bed and you’re looking for a fucking room to rent from someone? If you’re such a big shit why don’t you have your own place or just rent a month to month apt? What a loser you must be.
1) Do you know what a clown you sound like?
I don’t think I sound like a clown, but you are entitled to your own opinion. I got some responses from people who seem to be interested in renting to me, so I guess they don’t think I sound like a clown either, but maybe there are others who are in the “sounds like a clown” camp that I haven’t heard from.
2) What a load of bullshit.
It is not bullshit. Read on and see if you still think it is.
3) You’re a real estate investor and property manager and sleeps on an air bed and you’re looking for a fucking room to rent from someone?
Yes. Sometimes I live in units while I renovate them, so it is helpful to have portable furniture like an airbed. Why do you say “a fucking room?” Is it so strange that I might want to rent a room?
4) If you’re such a big shit why don’t you have your own place or just rent a month to month apt?
I am not a big shit. I’m not claiming to be a CEO of casino or anything like that. Does managing a few properties make one a big shit?
5) why don’t you have your own place?
The unit I just renovated is too large for just one person. It is a 2B2B. I put it on the rental market and looked for a roommate at the same time. If I had found a roommate, I would continue to stay in it, but a small family is going to take it instead. The other units I am managing are currently rented out. Maybe I should have tried harder to find a roommate for my current place and then I wouldn’t need to look for a room. However, I think it is helpful to see the other side of the market sometimes. So far, looking at the market from the other side has been quite educational. Much can be learned from walking a mile in the shoes of others. If you tell me about yourself, I’ll try walking a mile in your shoes.
6) or just rent a month to month apt?
Usually apartments try to sign people to leases of at least a year. Sometimes short-term options are available at apartments (at a premium), but it is usually easier to find month-to-month leases in roommate situations. Plus, having roommates can be a good way to meet new friends while also economizing on costs. However, I would certainly be open to considering month-to-month apartments as well as month-to-month roommate situations. Weekly hotels are another option, as I stated in my original post.
7) What a loser you must be.
You are free to make any kind of value judgment you want. It’s fine if you think I am a loser. I have certainly had my share of both failures and successes. You seem to have a lot of anger. Why? Do my answers seem unreasonable or unrealistic to you? I hope that you will answer my questions as well and we will be able to continue this fruitful discussion.