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The Difference Between IRS Forms 1099 and 1042-S

By On February 9, 2012 · Leave a Comment · In Property Management

DO YOU HAVE FOREIGN OWNERS/INVESTORS?

As a property manager, you are very much aware that by law, you must issue a 1099 form reporting gross rents to your property owners by 1/31 of every year. 

However, there seems to be a great deal of confusion out there when it comes to property managers with [...]

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Getting a mortgage loan in Las Vegas – Some tips that you should follow

By On January 23, 2012 · Leave a Comment · In Mortgage

Guest Post by Alfred Smith

According to recent reports, the fixed rate mortgage loan rates throughout the nation had hit a 40 year low, making this the perfect moment to refinance home loans for all those struggling homeowners who aren’t able to make their monthly payments on time. If you’re a resident of Las Vegas, [...]

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UNLV: Parents Also Investing in Las Vegas Real Estate Along with their Children’s Education

By On December 5, 2011 · Leave a Comment · In Las Vegas Market Updates

With housing so affordable in the Las Vegas area due to the real estate meltdown, some parents of UNLV students are also choosing to invest in the local Las Vegas real estate market at the same time. Many students at UNLV live off campus. Due to its central location [...]

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Eviction: A Property Manager’s Four Letter Word

By On November 3, 2011 · Leave a Comment · In Property Management

Evicting a tenant is never pleasant (or easy), but for most landlords, it is unfortunately an unavoidable part of the job. Yet it’s one that the landlord must approach with caution, and a full awareness of all of the relevant state laws.

Tenancy termination laws vary from state to state, so before you proceed, know [...]

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Stuck with a Las Vegas High Rise Condo?

By On October 21, 2011 · Leave a Comment · In Real Estate

It wasn’t long ago that Las Vegas was going to experience a phenomenon coined as the “Manhattanization” of Las Vegas. Approximately fifty high rise towers were planned, but in the end only around 12 were ever built. There are many owners of these buildings who own units that they now cannot afford, especially given the [...]

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Las Vegas Short Sale Info: Chase offering some borrowers up to $30,000 as a selling incentive

By On October 18, 2011 · Leave a Comment · In Short Sales

Chase Bank is paying up to $30,000 as an incentive for borrowers to do a short sale. This program has not been well promoted by Chase. In fact, the only way to know if you qualify is to call their Customer Service Department.

I called Chase directly for details [...]

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What You Should Keep In Mind Before You Downsize Into Your New Las Vegas Home

By On October 10, 2011 · Leave a Comment · In Real Estate

There are many different reasons why people downsize – they retire, get divorced, become empty nesters or are just tired of paying for (and maintaining) a larger home. But before you move from your 5,000 square foot Las Vegas home to a bungalow, you should…

…remember location, location, location.  Even though your kids don’t [...]

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Marketing Your Las Vegas Home

By On October 9, 2011 · Leave a Comment · In Real Estate

Just as successful businesses don’t use one single marketing strategy to the exclusion of all others, so is it with real estate.  Successful Las Vegas real estate agents use a number of marketing tools to market their clients’ homes.  That said, some are more popular than others.

Listing online.  Once the mainstay of real [...]

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Is Your Las Vegas Neighbor’s Home an Eyesore? What You Can Do About It

By On October 8, 2011 · Leave a Comment · In Real Estate

They’re a growing problem, especially in those Las Vegas neighborhoods most heavily affected by foreclosures. You know who they are – they’ve got weeds as high as corn and chipping paint on the outside of their homes.  They can wreck havoc on the value of any neighborhood.

No one wants to live near an eyesore [...]

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No Money for Your Las Vegas Down Payment? No Problem, FHA Is Here!

By On September 28, 2011 · Leave a Comment · In Mortgage

If you’re a first-time homebuyer, or you’re selling your current home but don’t have a lot of equity built up, saving 10 or 20% (or even 5%) of the value of your next home can seem like a tall order.  Fortunately, you may have another option.

Federal Housing Administration (FHA) to the rescue

FHA-backed mortgages [...]

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August Was Hot – For Las Vegas Home Sales!

By On September 27, 2011 · Leave a Comment · In Las Vegas Market Updates

Parts of the country experienced record-breaking temperatures in August (especially in the desert southwest) and we recently learned that August almost set some other records. It was a near-record breaker month for Las Vegas homes sold during the month of August.

A report released in September by the Greater Las Vegas Association of REALTORS® [...]

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Nevada Short Sales: What is a Deficiency Judgment?

By On September 20, 2011 · Leave a Comment · In Short Sales

Once a property is sold at foreclosure or when the property is sold as a short sale, there will be a remaining deficit of what is owed to the lenders who are holding any mortgage debt. While state laws may affect what constitutes as deficiency, usually it will be [...]

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6 Tips for De-cluttering Your Las Vegas Home Before You Hang Your “For Sale” Sign

By On September 20, 2011 · Leave a Comment · In Real Estate

Do you want potential buyers to see your beautiful hardwood floors, granite countertops and custom built-in bookcases? Well, they won’t if you have furniture, knick knacks, and piles of stuff covering every square inch.  Indeed, clutter can (and probably will) drive buyers right out your front door.

You don’t need to throw things out (although [...]

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Think You Don’t Need An Inspection On Your Las Vegas Home? Think Again

By On September 19, 2011 · Leave a Comment · In Real Estate

Imagine lying awake at night listening to your brand new Las Vegas golf course home cracking or needing to replace the roof on your new home even before you replace its light bulbs. This isn’t a science fiction thriller – this is reality for some homeowners of newly-built homes.

The scenario doesn’t stop there [...]

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10 Questions to Ask When Buying Your New Las Vegas Condo Part 2

By On September 14, 2011 · Leave a Comment · In Real Estate

The other day I wrote about the first 5 questions you should ask when buying your new Las Vegas Condo.  Here are the other 5.

Question # 6: Has the condo unit been professionally inspected? It’s a good idea to include a contingency clause in your purchase offer for a [...]

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10 Questions to Ask When Buying Your New Las Vegas Condo Part 1

By On September 7, 2011 · Leave a Comment · In Real Estate

Think buying a condo is easy? Think again. When you’re buying a condo, there might actually be more to consider than when you’re buying a home.  Just knowing what to look for (and ask) can be a challenge. Hiring a good Las Vegas real estate agent and asking the right questions is a start, [...]

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Looking to Buy a Las Vegas Home? Complete These 10 Steps First

By On September 2, 2011 · Leave a Comment · In Real Estate

If you’re a first-time home buyer or looking to upgrade to your dream home, there are 10 steps you’ll want to complete before you even start looking at listings of Las Vegas homes for sale.

Step #1: Figure out how much Las Vegas home you can afford. Figure out how much money you make [...]

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GLVAR deems information reliable but not guaranteed.

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