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RENTER WHO SEES THE VALUE IN A NEIGHBOR WHO DOES NOT. >> BACK IN JUNE, CLARK COUNTY COMMISSIONERS PASSED AN ORDINANCE REGULATING SHORT-TERM RENTALS TODAY. THE PRE APPLICATION PROCESS BEGAN. SOME APPLAUDED WHILE OTHERS WERE SKEPTICAL. SHORT-TERM RENTALS ARE CAUGHT IN THE VALLEY RIGHT NOW. THAT'S ACCORDING TO DEREK MOLAN JER OWNER OF VICE REALTY. >> HIS COMPANY SPECIALIZES IN SHORT TERM RENTALS IN LAS VEGAS. HE SAYS THEY'RE AN AFFORDABLE WAY TO RENT IN ARE A PROFITABLE INVESTMENT FOR INVESTORS. SO SHORT TERM RENTALS HAVE BECOME MORE AND MORE POPULAR BECAUSE THE ABILITY TO MAKE MONEY IN A TRADITIONAL RENTAL KEEPS GOING DOWN DOWN DOWN. >> A SHORT-TERM RENTAL PRE APPLICATION PROCESS WAS LAUNCHED TUESDAY COUNTY SPOKESPERSON ERIC PAPA SAYS ALL OF 36 IN PERSON SLOTS FOR POTENTIAL SHORT-TERM OWNERS AVAILABLE TUESDAY WERE TAKEN THAT A MAN HAS SEEN THE COUNTY DEVELOP STRICT RULES IN GUIDANCE FOR WOULD-BE OWNERS. A KEY CONCERN STOPPING ILLEGAL OPERATIONS. SO THE...