1375 - We’ve Had Vacancy Rates Below 2% for Over 15 Years—Here’s How We’ve Done It by Eric Fernwood

Since 2006, my team and I have delivered almost 500 Las Vegas investment properties (> $130 million). The properties had an annual appreciation of 15% and annual rent growth of 7% (2013 through December 2023), and our average vacancy rate stayed below 2%, including during two major economic turmoils:

• 2008 housing crash: Zero decline in rent and zero vacancies.
• COVID pandemic eviction moratorium: No impact.

So why did our clients’ properties perform when most others did not?

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