AvenueWest Las Vegas is a local real estate brokerage offering monthly lodging solutions for the increased demand for professional accommodations
LAS VEGAS, NEV. --- AvenueWest, a managed corporate housing firm, is now open in Las Vegas. The franchise is owned and operated by Saundra de Montaño, a real estate broker and entrepreneur, who, along with her husband, Jordi Montaño-Carrera, has owned and managed a variety of properties since 1989 throughout the Bay Area, Texas, Atlanta and Las Vegas. In Las Vegas, Saundra de Montaño owned and operated her own brokerage firm before selling it to focus on her newest venture.
AvenueWest, with offices in ten cities, provides a variety of corporate housing options, including lofts, condominiums, townhomes, apartments and single-family homes for corporations seeking short- and long-term housing solutions for employees and executives. The Las Vegas office currently offers twelve properties with plans to expand its offerings to more than 30 by year-end.
According to de Montaño, AvenueWest Las Vegas is a great solution for owners of high quality properties to generate revenue without the hassle of overseeing all the details and with greater security and peace of mind than other short-term housing alternatives like Airbnb.
“We are actively seeking properties to add to our growing portfolio. We simultaneously handle all the details of property management to ensure a seamless experience for property owners while ensuring a positive experience for our tenants. Our primary tenants are corporations and businesses seeking high quality housing for employees and executives,” said de Montaño. “It’s a win-win for both sides of the equation, and AvenueWest’s high standards for design, cleanliness, overall aesthetics and location, ensure a positive outcome.”
All AvenueWest properties are all-inclusive and fully stocked with housewares, electronics, furnishings and linens. AvenueWest homes are ideal for temporary furnished housing for business travel or relocation, displacement from your home, specialized medical treatment and other specific situations that require a temporary housing solution.
A graduate of Stanford University with a degree in mathematics, de Montaño acquired her first property in 1989. The onset of her serious real estate ventures began when she married her husband in 1996. The couple slowly began acquiring properties, starting with a tri-plex in San Mateo, California, then adding a six-plex in San Francisco – all while working their “day jobs” and saving one salary for future real estate purchases. In 2001, the couple purchased a ten-unit complex in San Francisco and began accumulating homes in Las Vegas in 2002, eventually owning ten single-family homes here. At the peak, the couple owned 34 homes in four states.
Last year, weary of traveling and managing properties long-distance, the couple made the decision to sell most of their real estate holdings and begin anew in the growing industry of managed corporate short-term housing.
“We live in a mobile society,” said de Montaño. “And while exciting new options like Airbnb are helping to provide more short-term housing options for travelers of all income levels, there are inherent concerns and challenges of operating as an independent owner. Managed corporate housing is a more structured and formalized version of these independent short-term housing programs that offers greater security and reduced liability, and is therefore better suited for the corporate world and for owners of higher-end properties.”
And, according to de Montano, with the city of Las Vegas tightening regulations on unlicensed operators offering guest stays of less than 31 days, corporate housing (with average guest stays of 80 days) provides an attractive alternative.
The couple launched their AvenueWest portfolio with their own purchase in late 2017 of three homes at Juhl in downtown Las Vegas, an iconic high-rise that is popular with the area’s legal community and other professionals. Since then, they have added nine other properties to their management portfolio, including two at The Meridian, four in Summerlin and three at The Ogden.
To find out if your property qualifies or to inquire about availability and pricing, call 1-800-928-1592 or email LasVegas@AvenueWest.com. For more information, visit avenuewest.com/LasVegas.