Shelter Realty Inc - Las Vegas Real Estate & Property Management

Benefits of Living in Las Vegas

Atsuko Winston — Tue, 01 May 2012 06:54:46 +0000

A Japanese client said, “There are some reports and information warning of another major earthquake, I want to get out of Japan”.

People in so many cities and towns are troubled by the risks of natural disasters. Las Vegas has been spared from major natural disasters of the kind this client is worried about, such [...]

Tax Exemption for Las Vegas Short Sales Set to Expire at the End of 2012

Paul Rowe — Thu, 12 Apr 2012 05:30:51 +0000

The green light may turn red at on December 31st 2012 for sellers of their personal residences who may want to do a short sale in Las Vegas. The Mortgage Debt Forgiveness Act of 2007 expires on December 31st of this year. This Act allowed for sellers who were foreclosed, sold via a short sale [...]

What more do you need to own a luxury condo in the center of the Strip?

Atsuko Winston — Mon, 09 Apr 2012 04:34:12 +0000

CityCenter is offering irresistible price-reductions and incentives for you to get a unit in a dramatic residential icon with a Las Vegas Blvd address.

Our client recently purchased a unit in the artfully designed Veer Towers through CityCenter’s sales office. He was one of the buyers who received promotional incentives before the CityCenter’s public offering. [...]

Avoiding the pitfalls that come with older rental property and finding profit the aging housing stock.

Dale Jones — Sun, 25 Mar 2012 19:46:05 +0000

One of the realities of real estate is that it needs maintenance and upkeep. The older a property the more issues tend to arise that will cost investors, landlords and homeowners more and more money. The trend in Las Vegas is to invest in newer property that will have less maintenance issues and in turn [...]

Yes You can do a short sale in Las Vegas

Dale Jones — Thu, 22 Mar 2012 19:12:29 +0000

It is true that many people have given up on the thought of ever getting out from under their massively “underwater home” in Las Vegas, Nevada but there are some signs that the hopeless times may have come to pass. Everyone wants to pay their mortgage and keep their commitment but there comes a time [...]

Increase Your Real Estate Returns Using Leverage

Dale Jones — Tue, 20 Mar 2012 20:54:45 +0000

Leverage is the number one reason you can get such great returns on real estate. Most people don’t understand leverage or understand the principals that make leverage such a fantastic tool in your real estate investing arsenal.

First let me define leverage in the way it applies to real estate. You use leverage when you [...]

The Difference Between IRS Forms 1099 and 1042-S

Tony Sena — Fri, 10 Feb 2012 00:01:04 +0000

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 [...]

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

Tony Sena — Mon, 23 Jan 2012 18:09:05 +0000

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, [...]

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

Paul Rowe — Mon, 05 Dec 2011 23:16:39 +0000

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 [...]

Eviction: A Property Manager’s Four Letter Word

Tony Sena — Fri, 04 Nov 2011 06:39:50 +0000

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 [...]

Stuck with a Las Vegas High Rise Condo?

Paul Rowe — Sat, 22 Oct 2011 06:43:12 +0000

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 [...]

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

Paul Rowe — Tue, 18 Oct 2011 22:47:45 +0000

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 [...]

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

Tony Sena — Mon, 10 Oct 2011 16:00:17 +0000

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 [...]

Marketing Your Las Vegas Home

Tony Sena — Sun, 09 Oct 2011 16:00:27 +0000

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 [...]

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

Tony Sena — Sun, 09 Oct 2011 05:19:20 +0000

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 [...]

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

Brian Maier — Wed, 28 Sep 2011 17:00:07 +0000

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 [...]

August Was Hot – For Las Vegas Home Sales!

Tony Sena — Wed, 28 Sep 2011 05:40:11 +0000

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® [...]