About · Las Vegas, Nevada · Est. 2005

A Las Vegas team that works only with investors.

We do not work with home buyers or sellers. We provide a complete service for rental property investors, from property identification through renovation, leasing and management, using a combination of in-house services and trusted third parties. We have been in business for more than 17 years.

Two-story Fernwood rental home in Las Vegas, Nevada
17+ years
serving rental property investors in Las Vegas
170+ clients
worldwide; fewer than ten live in Las Vegas
600+
single-family investment properties delivered
What we do

One team, from selection through management.

Most investors buying out of state have to assemble a team themselves: an agent, an inspector, a contractor, an insurance agent, a property manager. Each one is a decision, and each one is a risk. We handle that end to end, using in-house services and third parties we have worked with for years.

01

Property identification

Screening for the tenant segment first, then the property that serves it.

02

Renovation

Scoped and project-managed to what the target tenant actually pays for.

03

Leasing

Tenant screening and placement through a property manager we work with directly.

04

Management setup

Handing off to ongoing management, with the process documented for you.

Results

What 17 years has actually produced.

Delivered results across multiple market cycles, not projections. Figures are as published on our current site.

600+

investment properties delivered

More than 600 single-family investment properties delivered to over 170 clients worldwide. Fewer than ten of our clients live in Las Vegas; the rest invest remotely and rely on our process and local expertise.

3+

properties per client, on average

Clients continue to reinvest because the properties perform as expected. Most new clients come to us through referrals.

5+ yrs

average tenant stay

Long tenancies significantly reduce vacancy, turnover and rent-ready costs.

8

evictions in 17+ years

Eight evictions across more than 1,100 tenants. That comes from targeting a stable tenant segment, working with a skilled property manager, and operating in Nevada’s pro-landlord legal environment.

rent decline through 2008

While Las Vegas property values fell sharply during the 2008 crash, our clients experienced no decline in rent and no vacancies. The tenant segment we target tends to work in mission-critical, direct-income-producing or government roles that remain more stable during recessions.

~8% / ~5%

appreciation and rent growth since 2015

Since 2015, our clients’ properties have experienced average annual appreciation of about 8% and rent growth of about 5%.

<2%

vacancy across the portfolio

Vacancy has remained below 2% across the properties we manage the process for.

Renovated kitchen with stainless appliances in a Las Vegas, Nevada rental property
Why engineers

These results were not achieved by luck.

The founders are engineers. They reverse engineered how successful national retail chains identify their target customers, choose locations, and match their offerings to local demand — and applied the same approach to rental property.

A national chain does not open a store and hope the right customers walk in. It decides who the customer is first, then finds the location and builds the offering around them. Rental property works the same way: the tenant comes first, then the neighbourhood, then the house.

The founders

Engineers first, agents second.

Eric Fernwood, co-founder of Fernwood Team

Eric Fernwood

Co-founder · Engineer · BiggerPockets contributor

Eric brought engineering discipline to rental investing: proprietary research, software-driven property screening, and a process refined across 600+ acquisitions and multiple market cycles.

Cleo Li, co-founder of Fernwood Team

Cleo Li

Co-founder · Engineer

Cleo co-founded Fernwood and works with investors from first call through acquisition, renovation and management setup.

Fernwood Team · KW VIP Realty

Client reviews

What clients say, in their own words.

Verified Google reviews.

It was a true pleasure working with Eric, Cleo, and their team. You can immediately tell they’re engineers — their precision, strategic thinking, and attention to detail are outstanding. They handled the entire renovation perfectly, kept me informed every step of the way, and even connected me with the property manager.

I worked with Fernwood to do a 1031 exchange, and they helped make it a seamless experience, especially being out of state. Fernwood’s methodology of finding a good investment leverages as much data as possible to minimize risk.

Posted on Google Google
jeffrey chen profile picture
jeffrey chen
180 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
We haved worked with Cleo, Eric, and the Fernwood team in Las Vegas for last 8 years for real estate investment in Las Vegas. We are impressed by their unique quantitative approach to market and home selection optimized for longer term tenant retention and cash flow. Its proprietary software narrows down large MLS list to selected few homes for investors to look through. The selected candidate homes are evalated by property manager to derive more realistic potential rent and desirability of the location. The agent will visit the home and provide video guide for investors. The team is intimately involved in buying and renovating the homes for leasing. After the homes are put into services Eric is still availble to help solving issues such as major repair. We highly recommend the team to any investors wanting to own rental properties in Las Vegas.
Posted on Google Google
Adam Buhalog profile picture
Adam Buhalog
180 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
I worked with Eric, Cleo, and Taylor back in 2024 to add two single-family investment properties to our portfolio. I found their renter-first approach unique, and we were able to identify specific properties that would attract the exact renter profile we wanted. They stayed in the trenches with me through the entire purchase and then through the remodeling and prep phase to make sure everything was move-in ready for tenants. The property management team they connected me with has been just as impressive—incredibly organized, great advice, have been excellent communicators. In addition, if anything ever occurs that is "out of the ordinary," Eric has offered numerous times to make himself available to help find a solution. Thankfully, now two years in, we have not yet needed to take him up on this. Most impressively in my opinion, is that the Fernwood Team genuinely values feedback and uses it to keep getting better. Even now, two years after those initial purchases, they still follow up to check in on how the properties are performing. (It's why I'm writing this review today) It’s clear they’re in it for the long-term partnership, not just a quick commission. When I’m ready to add more to my portfolio, there’s no question I’ll be calling them again. I would recommend them to anyone looking to add to their residential real estate portfolio, without hesitation, whether you live in Vegas or not.
Posted on Google Google
Gary Ghokassian profile picture
Gary Ghokassian
481 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
I just finished a deal in Las Vegas and I have to say, Cleo, Eric and the rest of the team are very good at what they do. I'm very busy with my dental distribution business overseas and decided to invest some of our earnings into real estate. A colleague of mine suggested I look at the Vegas market, but I knew no one. I stumbled upon one of Eric's post on Bigger Pockets and the rest is history. The dude is to the point and data driven. I look forward to my second investment property with this team. I highly recommend.
Posted on Google Google
Caroline Urbas profile picture
Caroline Urbas
507 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
It was a true pleasure working with Eric, Cleo, and their team. You can immediately tell they’re engineers—their precision, strategic thinking, and attention to detail are outstanding. As a real estate agent myself in another state, I genuinely appreciate how smoothly everything went. They handled the entire renovation perfectly, kept me informed every step of the way, and even connected me with the property manager. Everyone worked hand in hand, and the collaboration was seamless. They are highly educated, incredibly knowledgeable, and a fantastic team to work with. I wouldn’t hesitate to work with them again!
Posted on Google Google
Lars Bachmann profile picture
Lars Bachmann
512 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
My wife and I had a great experience working with Fernwood Real Estate Investment Group for our first investment property. From start to finish, the entire process was smooth, professional, and incredibly efficient—all done remotely. Eric, the owner, kicked things off with excellent initial training that helped us understand the whole process. Cleo, the co-owner, was fantastic in developing our investment strategy, making sure we had a clear plan. Taylor, our realtor, was crucial in finding the right properties, running comps, and drafting offers. Selena facilitated renovations with a third-party contractor, ensuring everything was done to a high standard. Angela, worked closely with the Fernwood team to evaluate the rent potential of our property and recommend renovations based on market competition to maximize returns. The entire process, including closing and tenant placement, was done virtually via Zoom, and we were able to complete everything in just 5 months—from our first contact to having a tenant in place. The team at Fernwood made our first real estate investment such a smooth and successful venture. Highly recommend Fernwood Real Estate Investment Group to anyone looking to invest in real estate in Las Vegas.
Posted on Google Google
Mukesh S profile picture
Mukesh S
786 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Fernwood Real Estate Group is simply outstanding! We've worked with them on a couple of deals now and we very much appreciate and value their knowledge, attention to detail, lightning quick responsiveness, and most importantly, their intimate involvement in every deal. Each member of the group--Eric, Cleo, Taylor, Selena, and Ann, handles different aspects of these transactions (though they certainly work seamlessly as a team) and they are all incredibly smart, competent and professional. And if that weren't enough, they're also just really nice and fun to work with. Rest assured, if you are lucky enough to work with this group you will be in excellent hands from start to finish.
Posted on Google Google
Andrew I. Garcia profile picture
Andrew I. Garcia
817 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Real Estate is intimidating and scary but Eric,Cleo, Taylor, Selena and the entire Fernwood Team made the process of buying a home, eventually renting it out and finally even selling that same home SO easy and hands free. I’m so lucky I found them and was able to benefit from their expertise and wisdom over and over during my home ownership experience. Highly recommend! A++++++
Posted on Google Google
kasin luu profile picture
kasin luu
859 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
John, Cleo, Taylor, and Selena are among the best investor realtors I've worked with! As a first-time homebuyer, they made the process seamless and smooth. They dedicated significant time to teaching me what to look for in an investment property. I've learned so much from the Fernwood team and plan to purchase additional properties soon. I was also impressed with their contractors, including the inspector, property manager, and renovation contractor. Everyone I've worked with are very knowledgeable and responsive. Overall, my first rental property purchase has been a very positive experience. I highly recommend using them and can't wait to purchase more properties with Fernwood!
Posted on Google Google
Jamie Yan profile picture
Jamie Yan
898 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
Glad to have found Fernwood Real Estate Investment Group. I worked with Fernwood to do a 1031 exchange, and they helped make it a seamless experience, especially being out of state. Fernwood's methodology of finding a good investment leverages as much data as possible to minimize risk. They explained everything thoroughly, and offer an end-to-end service including referrals, from contractors to property management. Highly recommend them!
Posted on Google Google
Gilles Chapellon profile picture
Gilles Chapellon
906 days ago
Google star 1Google star 2Google star 3Google star 4Google star 5Trustindex verifies that the original source of the review is Google.
I came across Eric and his company 15 years ago when we were looking at purchasing our first investment property in the US. At the time, we were not sure whether we wanted to invest in Las Vegas or other states, but he explained to us that Vegas was one of the best places to invest (low property taxes, great price appreciation, favorable laws for renting, etc…) which convinced us to focus on Las Vegas. What really convinced us to work with his company was their unique skill set to manage every step of the process: 1- They built their own analytical software to identify the best available properties with specific criteria aligned with renter desirability, ROI, etc… allowing to identify best cash-flowing properties 2- Once I select specific properties, they run a deeper analysis to confirm choice is good on the paper and do a very detailed video recording of the premises. During that visit, they identify what needs to be fixed or rehabbed to insure it can be rented out quickly and at the best price range. 3- They work closely with a rehab company which provide a quote. They can handle all the repairs, renovation at a very competitive pricing. 4- Last, they collaborate with a property manager offering preferred pricing if you chose so 5- Everything can be handled remotely. I only saw my first properties and all the other ones were handled 100% remotely. Over the years, I ended up buying many properties through their turn-key services and this has been the best decision ever. I only had great experience for each purchase. I also deeply appreciate the fact that they are always there for you to help to the best of their capacity independently of whether you are actively searching for new investment or not. If you are looking at investment properties in Las Vegas region, I highly recommend you contact Eric's company. They are truly the best and based on my experience, they are unmatched by the scope and depth of what they offer and the level of relationship they provide. At one point, I wanted to diversify out of NV, but never did because of the hassle-free experience and level of trust I have with Eric's company.
Free · 30 minutes · No obligation

Find out what we can do for you.

A brief conversation so we can understand your situation and goals. This is just a chat, and we will not try to sell you anything. If Las Vegas, or we, are not a good match for you, we will tell you.

Or reach us directly
  • info@FernwoodTeam.com
  • Keller Williams VIP Realty, 7501 Tule Springs Road #170, Las Vegas, NV 89131