There has been a lot of public discussion whether the new Homeowners Bill of Rights (Nevada Law SB 321) will open up short sale transactions that are not considered “arms-length transactions”. The term “arm’s length” means that a sale does not occur between principals who are close relatives, those with existing business relationships, straw-buyers etc.…
Shelter Realty, per our lease agreements, requires all tenants to purchase renter’s insurance. Many tenant’s inquire as to why we require them to purchase rental insurance. Laurie Yakubik with Farmer’s Insurance has provided the following information about the importance of having renter’s insurance. HOW RENTERS INSURANCE HELPS COVER YOUR VALUABLES Imagine a moment you’ve just…
As of this writing, the Greater Las Vegas Association of Realtors Multiple Listing Service (MLS) showed a total of 8,793 active Single Family Homes, Town Homes and Condominiums available with no offers. Here is the breakdown: The University of Nevada-Las Vegas’ Lied Institute for Real Estate (pronounced “LEED”) reported in its Housing Market 2013, 2nd…
The Las Vegas real estate market has seen a run up of about 32% across the board over the past year according to several sources such as Zillow.com and Greater Las Vegas Association of Realtors released for the month of August 2013. During the past three months there have been some fundamentals in the market…
I spoke with one of our property management clients today and he inquired about selling his Las Vegas home but he wanted to know if he had to wait till the tenant vacated the property before he could sell. This was the second time I was asked this question in the last two weeks. Any…
