By special request :)

How could you shorten your vacancies and maximize the amount of rent you receive for your Las Vegas Rental Property?

• Short Term Rental.  By allowing a shorter term rental (less than one year and greater than one month,) you are opening yourself up to a lesser vacancy rate but putting your property in a pool with very few listings.  If it is marketed properly, while tenants are in place, vacancies can be lower than average. Rents on average are 10%+ market rent for short term rentals. Types of tenants you may attract:  displaced homeowners from fires or water damages, corporate (business) entities, persons new to town looking for a bridge in their housing needs (selling a home elsewhere, wanting to buy a home here once their other property is sold.)
• Allow Pets.  Here is another void that needs to be filled.  There are less choices for people with pets and you can get your vacancy rate will be lower if you consider pets.  If you consider multiple pet households, you can command a higher security deposit and ask for a higher rent also.  Usually $10-50 per pet more a month.  These people are VERY strapped with choices.  Check with a lawyer and your insurance company for breeds you should allow and liability.  Many insurance companies have labeled certain breeds and will not allow coverage if those breeds are in the household.
• Put in a Pool.  Pool homes are in high demand from March through July and can sometimes command 10-30% more rent than market rates.  Make sure you check with your property management company & accountant to see if the cost will bring in positive cash flow.  Also check with your insurance company and an attorney for liability purposes.
• Get Approved for Section 8.  There are VERY little single family units on the market that allow section 8.  
• Furnish the Unit:  Furnishing a unit and allowing a month to month tenancy will perhaps bring you the highest return along with higher security deposits.
• Consider less than perfect credit.  Right now landlords have the pick of the litter when it comes to tenants.  Why not consider less than perfect credit and at the same time require 3-4 months rent as security deposit?  The key to making it work is the higher security deposit.  If things start going south, you will have more than enough time to evict and still be making money.
• Improvements:  A highly upgraded home will only rent quicker while not necessarily bring in a higher rent value.  When doing improvements to the home make sure they are done with materials that will make a quicker & less expensive tenant turn over rehab rather than providing aesthetic value.  For example:  Replace carpet with a more durable yet aesthetically pleasing flooring like laminate (faux wood) or tile.  Replace grass with a more hardy desert landscaping.