I am sorry, but Las Vegas is a very long distance from where I live. I only invest where I can keep an eye on my properties by myself.

If you want to real truth about what vacationers are renting, contact a couple of agencies that manage vacation rentals and ask them what the demand is.

I know what they want locally: ski lodges, and large houses for a large number of people for big get-togethers. That information is probably useless for Las Vegas where you have adifferent type of vacationer who is there for a different reason.

Las Vegas is chock full of hotels that offer special discounted rates and make their money by the gambling their guests do in the casino.

The only thing that I would be looking for to use as a vacation rental, would be fairly close to the casinos and golf courses, and access to a swimming pool. There are a lot of new houses in Las Veags that are actually 20-30 miles away from the action.

Las Veags has sprawl. There is an unlimted amount of land available and as prices went up, the builders just moved further out. Vacationers are going to want to be close to the action.

The agencies that manage vacation rentals and short lets charge a very high fee. It is a great deal of work. Each unit must be checked for damage and cleaned between guesrs. If that is done once a week, there is a lot of labor involved, and you have to pay for that.

My suggestion is to take a week's vaction and fly to Las Vegas. Have a real estate agent lined up to show you properties while you are there. Then you know what the area is like and what the real estate looks like. You can talk to property manangers and rental agencies.

On the Florida thing, are you using an agency that is located in Britain that manages the properties for British tourists?

The trouble with just paying one ageny to do everything, find the property, manage it, and no trouble to you, is that they are perfectly set up to take advantage of you. You have no idea what it should cost or how it should be managed. Maybe they will be good and take care of you, or maybe they will milk your pocketbook for all it is worth--- and you won't know the difference.

Real estate is a lot of money. It's too much money to be casual about it.