Being a landlord can be very rewarding but there is also a downside of being a landlord, Liability!  Every city, county and state has different laws and ordinances that you need to know and follow.  Staying current on these changes can be a burden but by not being informed it can cost you where it hurts the most, in your wallet!  NRS 118A.260 is one of the most common landlord obligations not followed based on conversations I have had with Landlords who have decided to hire a Las Vegas Property Manager. Read More

Las Vegas – Paul Murad, a Las Vegas community leader with international-business experience, officially declared his candidacy in the Democratic primary for the office of Lieutenant Governor on March 9th, 2010 at 10:00 a.m. at the Secretary of State’s Office.

Murad, a small business owner, brings with his candidacy in the Democratic primary race experience in business development for multinational corporations as well as leadership in local civic organizations. His background provides him with exceptional perspective to create economic opportunity in the state.

“The job of the Lieutenant Governor is to be the ambassador for Nevada,” says Murad, who speaks three languages. “I will aggressively promote Nevada throughout the U.S. and internationally, bringing new businesses and jobs to our state, and attracting capital and investments to diversify our state’s economic base.”

To set the stage for Nevada’s recovery, Murad is focused on economic development, expanding tourism and green jobs. His strategy begins with his 50-50 Plan, in which he will reach out to both the 50 largest domestic and the 50 largest global companies to draw them into Nevada. Murad states, “I will begin talking with companies that are routinely looking for locations to house their corporate headquarters, create manufacturing plants, or expand their distribution and warehouse space.”

Murad grew up in the Soviet Union, living in a one-room apartment with his mother after his father died when he was five years old. Due to the oppressive political regime and lack of opportunities, Murad dreamed of coming to America. As a teenager he came to the United States alone with nothing more than a few hundred dollars in his pocket. Since then Murad has run his own company, taken on leadership positions with local civic organizations and is truly living the American Dream. His mother, now also an American citizen, will accompany him to the Secretary of State’s office in Las Vegas to watch him file his declaration of candidacy.

Paul Murad was endorsed late last week by the group Hispanics in Politics, an endorsement that was posted in the Spanish-speaking newspaper El Mundo.

Nevada’s U.S. Attorney Daniel Bogden announced today the federal grand jury in Las Vegas indicted five people on mortgage fraud charges.  All five individuals were charged with conspiracy to commit bank fraud, mail fraud, wire fraud, (6) counts of bank fraud and criminal forfeiture.  Suzanne McAllister, an assistant escrow officer and notary at Lawyers Title, was one of the five indicted.

According to the Las Vegas Sun, The indictment lists 28 real property sales transactions involving 21 homes sold in Las Vegas between Aug. 25, 2005, and April 18, 2007. Seven of the homes were “flipped” or sold twice within short periods of time. A majority of the homes sold for more than $700,000, and the total value of the mortgages for the 28 transactions was $18.9 million.

If convicted, the defendants could face up to 30 years in prison and a $1 million fine on each count, and may be required to forfeit up to about $4.2 million.

The Southern Nevada Mortgage Fraud Task Force and U.S. Postal Investigation Service is handling the investigation.