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Landlords

Las Vegas Landlords Experience Financial Hardship in Wake of Continued COVID-19 Eviction Bans

LAS VEGAS, NV – Eviction moratoriums – in one form or another, be they issued from the state or federal level – have provided a safety net for Las Vegas residents who have fallen on hard times due to the brutal impact of the ongoing COVID-19 pandemic. 

And while those moratoriums have prevented countless people down on their luck from ending up on the street, it’s landlords who are bearing the brunt of the financial burden that these eviction bans are responsible for; as they say, you can’t have good without some bad to balance it out, unfortunately.

Contrary to popular belief, the majority of landlords in Las Vegas are not large, soulless corporations, but hard-working mom-and-pop operations that are also struggling to get by, just like many other people affected by the pandemic. According to recent reports, local Las Vegas landlord Mario Tafarella has found himself owed as much as $30,000 in rent from his two rental properties, and it’s hurting him severely.

Nevada Governor Steve Sisolak recently reinstated his eviction moratorium, which is currently in-place until March 31; until that point, Las Vegas residents cannot be evicted due to non-payment of rent relating to COVID-19 financial issues, provided that afflicted tenants have signed a declaration form and presented it to their landlord.

Tafarella has noted that he has tenants that have steadfastly been paying their rent throughout the pandemic, despite their own money problems, but he remains paranoid that one day that could all come to an end and he would be forced into bankruptcy.

“We’ve got tenants that have been with us five and seven years, and they paid us through the eviction ban,” he said. “But who knows, anything can happen.”

In addition, President Joe Biden, in his proposed COVID-19 stimulus package, has called for an extension of the existing federal eviction moratorium throughout the end of September, 2021. However, his plan has received pushback from the Republican members of Congress as being too extreme, and it remains to be seen if the eviction ban is not revised or done away with altogether in order to receive the bipartisan support for the stimulus package Biden has said he seeks.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

single family

StoryBook Unveils New Southern Nevada Home Rental Community, Dubbed “Treville Court”

LAS VEGAS, NV – According to reports, StoryBook Homes is in the process of constructing a new residential community – dubbed Treville Court – that specifically targets those seeking to rent a home as opposed to buying one.

Situated near Windmill Lane and Jones Boulevard in the southwest valley, Treville Court will give those looking to rent a selection of three different single-family homes to choose from. Ranging in size from 1,430 square feet to 1,645 square feet; the homes will have three to four bedrooms, 2.5 bathrooms, and either a one or two-car garage. Construction began in December 2020, and the first renters should be moving in come April 2021.

StoryBook Homes has a history of home development and property management under their collective belt, Treville Court represents the first time that the company has taken it upon themselves to construct an entire community specifically targeting renters. However, the very real need for rental property in Southern Nevada is what prompted the company to develop Treville Court, and their construction know-how will serve their eventual tenants well when repairs or other services are needed as time goes by.

Representatives from StoryBook Homes note that the reason Treville Court caters exclusively to renters is due to the growing number of people – both local and moving to Nevada from out of state – who may wish to sample life in the region by renting a home before moving on to actually purchase one. And for those who enjoy their rental enough to make it permanent, the company also offers a rent-to-own program.

Upon completion, Treville Court will offer 20 homes with stainless steel appliances, kitchen granite countertops and cultured marble surround shower in the master bathroom, as well as backyards with a patio and rock landscaping. There will also be a community park.

StoryBook Homes are no strangers to community development; in 2018, they built luxury lifestyle community The Mercer Las Vegas, located in the southwest valley.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Joe Biden

Biden COVID-19 Plan Calls for $30 Billion in Rental Assistance, Extension of Eviction Ban Through Sept. 2021

LAS VEGAS, NV – President-Elect Joe Biden unveiled his proposed $1.9 trillion COVID-19 stimulus plan last week, and in addition to economic initiatives such as extending and enhancing unemployment coverage and providing funds for state and local governments, he’s also pushing for billions in rental assistance and an eight-month extension of the current residential eviction moratorium, according to reports.

Biden will be asking lawmakers to approve $30 billion in renal assistance for those who are facing eviction due to non-payment of rent due to COVID-related financial issues. These funds, if approved, would go hand-in-hand with the $25 billion in rental assistance that was part of the December 2020 stimulus bill. In addition, another $5 billion would be made available to those who are homeless – or are on the verge of being so – or acquire housing, and separate money would be offered to those who need legal representation to help fight a pending eviction.

Another huge provision of Biden’s proposed stimulus plan is an extension of the federal eviction moratorium enacted by the Centers for Disease Control and Prevention in September 2020 that is due to last until January 31, 2021. Biden’s plan, if approved by lawmakers, would extend that eviction ban until September 30, 2021, and would cover the majority of renters throughout the United States.

Currently, it is unknown if Biden’s stimulus package, which he has stated is a major priority for his administration, will pass in its current form. However, given the slim majority that Democrats currently have in the House and Senate, it is indeed possible; in addition, experts note that some aspects of the plan could be passed via executive order if the plan does not make it past lawmakers.

Currently, approximately 14 million Americans are behind on their rent due to the ongoing pandemic.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Foreclosure

Expert: Landlords Faced with Foreclosure Allowed to Evict, Despite Moratorium If Foreclosure Imminent

LAS VEGAS, NV – Nevada Governor Steve Sisolak’s statewide eviction moratorium is currently in effect until March 31, which prevents tenants and homeowners from being evicted from their homes due to financial reasons stemming from the ongoing COVID-19 pandemic.

While this offers a layer of protection for individuals affected by the economic damage inflicted upon Nevada, it nonetheless demands that landlords continue to suffer massive losses in the form of unpaid rent. While this has caused a great deal of hardship for landlords – many of which are small, mom-and-pop operations who use rentals to get by – there is a clause in the current eviction ban that offers a layer of protection for landlords if the worst should happen.

According to experts, the Governor’s moratorium will nonetheless allow a landlord to begin the process of evicting a tenant if they are facing a very real threat of foreclosure on their property. However, this dire financial hardship would have to be proven in a court of law; once a judge has been satisfied that a landlord literally has no other recourse and is in very real danger of losing their home or apartment complex, eviction proceedings would then be allowed to begin.

“If the homeowner is facing a very real threat of foreclosure, they can go ahead and move forward with an eviction process,” said Bailey Bortolin, Nevada Legal Aid Policy Director.

With that being the case, experts also stress the vital importance of tenants and landlords setting up payment plans for whatever amount the tenant can realistically afford, keeping an open channel of communication between all parties, and putting in an application to Clark County’s CHAP program for rental assistance, since Sisolak’s eviction ban does not absolve a tenant from paying back rent.

Governor Sisolak’s statewide eviction moratorium is currently running concurrently with a federal moratorium issued by the CDC; however, experts note that the Nevada ban essentially overrides the federal one, due to end on Jan. 31.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Clark County

Recent Las Vegas Eviction Moratorium Does Not Offer Tenants Blanket Coverage, Includes Series of Requirements

LAS VEGAS, NV – According to recent reports, the newly-instituted eviction moratorium put in place by Nevada Governor Steve Sisolak  has limitations imposed upon it that were not immediately made known to the public. Legal experts are noting that Sisolak’s new moratorium, issued in response to a Federal CDC moratorium due to expire at the end of the year, contains fundamental differences from the previously-expired version that the Governor originally signed in March.

According to Attorney Jim Berchtold with the Legal Aid Center of Southern Nevada, while the Sisolak’s original moratorium offered blanket protection to anyone who faced eviction in face of COVID-19-related issues, the new moratorium he recently issued – which lasts until March 31 – only applies in certain situations and comes with a series of requirements that the original did not.

“This one is not automatic. Only certain people qualify for its protections,” Berchtold said. “The person has to be unable to pay rent due to some COVID related reason. They have to make less than $99,000 per year in 2020 and they have to be at risk of homelessness, or forced into a group living situation, if they are evicted.”

In order to ensure qualification for Sisolak’s new moratorium, Berchtold noted that it is required that anyone hoping to take advantage of it apply for the current CDC-related moratorium and then submit the relevant paperwork to their landlord.

Part of the reasoning behind Sisolak’s new moratorium is to help prevent the spread of the current spike of COVID-19. The new moratorium does not apply, however, to tenants who are destructive to their residences or are proving to be a nuances and/or danger to their neighbors, according to reports.

In addition, if you are a tenant who is faced with eviction for non-payment of rent due to COVID-19-relation issues, Clark County’s CARE Housing Assistance Program (CHAPS) can provide rental assistance so that landlords –  who themselves are experiencing extreme financial hardship throughout the pandemic – can receive payments that they desperately need.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Sisolak

Nevada Governor Steve Sisolak Extending “Statewide Pause” – Reinstating Eviction Moratorium through End of March

LAS VEGAS, NV – Nevada Governor Steve Sisolak, citing recent massive spikes in the COVID-19 pandemic, announced Sunday that he would be extending a “statewide pause” that he implemented in November in an effort to help curb the spread of the virus. In addition – and perhaps more controversially – he will also be reinstating a previously-expired residential eviction moratorium, which will bar most evictions in Nevada throughout the end of March 2021.

Sisolak originally clamped down on activities that could potentially spread COVID-19 in a November 22 mandate – originally set to end Tuesday, but now extended to January 15 – that included a cap on the number of patrons allowed at public businesses such as gyms, restaurants, bars, casinos, and bowling alleys.

In addition, mask rules were tightened and previous public gathering limits of 250 people were cut by either 50 or 25 percent capacity – whichever results in a lower number – and private gatherings at 10 people from a maximum of two households.

Perhaps an even bigger announcement on the part of Sisolak was the fact that he will be reinstating his original eviction moratorium that previously expired on October 15. The moratorium, which goes into effect at 12:01 a.m. on Tuesday, December 15, will ban all residential evictions that are based on a tenant’s inability to pay their rent and will last until March 31, 2021.

Tenants may still be evicted for other reasons, such as breaking the law, proving to be a threat to their neighbors, damaging the property, and other related reasons.

Sisolak’s new eviction moratorium is set to address a nationwide moratorium issued by President Donald Trump through the Centers for Disease Control and Prevention (CDC) that is set to expire on December 31, in addition to looming deadlines after which federal assistance funds will no longer be available.

Sisolak noted on Sunday that he knows these new measures will produce hardship for many people – in particular landlords – but given the dramatically-rising numbers of COVID-19 hospitalizations in Nevada and a lack of economic assistance from the Federal government, he felt he had no choice.

“I know the mitigation restrictions in place under the current ‘pause’ are devastating to many Nevadans who just want to go back to ‘normal,’ who are worried about their jobs, their businesses, keeping their homes and getting their kids back to school,” he said. “But as I’ve said for nine months now, we must do what we can to protect the health and safety of the public. That remains more important than ever as we experience these record numbers.”

Since the pandemic hit in March, Nevada – and the tourism-driven Las Vegas in particular – has experienced massive unemployment numbers and widespread economic damage as shutdown measures closed businesses and entertainment venues.

On Sunday, Sisolak – who has received backlash on his handling of the pandemic – stated that if the measures he is implementing this week do not curb the spread of COVID-19, even more stringent restrictions may take place.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Las Vegas tourism

Seeking Assistance from Clark County; Landlords Are Feeling the Crunch Along With Everyone Else

LAS VEGAS, NV – One fact of the ongoing COVID-19 pandemic is that everyone is feeling the financial crunch that the disease has ushered in, top to bottom. And one group that is being hit hardest of all are landlords, some of whom are seeking assistance from local government in order to survive.

While many people are struggling throughout the pandemic – Las Vegas’ tourism-dependent economy has taken a larger hit than most this year, leading to massive job losses and record unemployment numbers – some forget that landlords across the state of Nevada are also bearing the brunt of the economic damage.

Despite the eviction moratorium Nevada Governor Steve Sisolak issued in March having recently ended, a similar decree by U.S. President Donald Trump that lasts throughout the end of 2020 has given reprieve to many who were facing homelessness.

And while this is an excellent thing, it nonetheless achieves its goal while standing on the backs of landlords and property managers across Nevada, many of whom are feeling the financial pinch more than most. Most, not wanting to put good people out on the street, have been working with tenants who have fallen on hard times, often at significant personal cost and hardship.

Some landlords – many of which in Nevada are actually small mom-and-pop operations, as opposed to large cooperate entities – have petitioned Clark County for grants that are offered to small businesses by way of the Federal CARES Act, currently due to expire by the end of the year unless Congress grants an extension.

“You can use the funds for anything you deem necessary to stabilize your business during this difficult time,” said Michael Naft, Clark County Commissioner for District A. “So that might be back rent. It might be utility assistance.”

To many property owners the CARES Act is proving to be literal lifesaver, and a large number of them are depending on the proposed extension that Congress is working on in their next COVID-19 relief bill, possibly to be presented for consideration this week.

However, some landlords have faced an uphill battle in the form of tenants who have not lost their jobs due to COVID-19, yet nonetheless have taken advantage of eviction moratoriums and not paid rent anyway.

“We do have a few tenants that have never lost their job throughout this whole thing that have stopped paying rent,” said apartment complex owner Ben Lamson. “I don’t appreciate the people that are trying to take advantage of the situation.”

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Eviction Moratorium

Nearly 4,000 Eviction Cases Opened in Las Vegas Since End of State Eviction Moratorium

LAS VEGAS, NV – Since Nevada Governor Steve Sisolak lifted the state eviction moratorium on October 15 – originally put into place in March due to the ongoing COVID-19 pandemic – nearly 4,000 eviction cases have been opened in Las Vegas Justice Court, according to reports.

Despite the state eviction moratorium ending October 15, the earliest landlords could start eviction proceedings against tenants for non-payment of rent due to pandemic-related financial reasons was October 29 due to official court timelines.

Since that date, October 29, 3,981 cases have been opened, although the overall number of evictions could actually be higher due to the fact that cases are often filed with the court after the initial serving of the eviction notice by the landlord, not before. Once an eviction notice has been served, a tenant has seven business days to make good on back rent owed or vacate the property; if they do not, then the landlord or property manager can open a case in court and start formal eviction proceedings.

Governor Sisolak originally put the eviction moratorium in place after the pandemic wreaked havoc with the economy, costing thousands their jobs and creating wide-scale financial hardship. However, after several extensions of the moratorium – and complaints from landlords who were suffering financially themselves – Sisolak finally lifted the moratorium approximately one month ago. Despite the moratorium, landlords were still able to evict tenants for some safety-related issues.

A Centers for Disease Control and Prevention eviction order remains in place throughout the end of the year, although to be eligible tenants were required to opt-in to it; if a tenant has not done so, the federal order would not apply to them, and eviction proceedings would be allowed to begin if they did not make good on back rent or arrived at a repayment plan with their landlord.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

City of Henderson Editorial credit: Kit Leong / Shutterstock.com

Short-Term Rental Owners Consider Legal Action Against City of Henderson Over Potential New Restrictions

LAS VEGAS, NV – According to recent reports, short-term rental owners are considering legal action against the city of Henderson in response to potential new restrictions that they claim could hurt their business.

Until recently, Henderson was the only Southern Nevada city that allowed short-terms rentals to operate in a residential neighborhood without any major restrictions on how long renters could remain in a property. The city of Henderson currently imposes an annual licensing fee upon short-term rental owners of $820.

However, Henderson has been receiving pushback from many of the neighborhoods that these short-term rentals are located in, with residents issuing complaints that range from noise and disruptive parties to an overall abundance of rentals on a single block, giving the neighborhood – according to one complainant with four rentals within 200 feet of her home – the feel of “a motel strip.”

In addition to the rentals that operate legally, there are reports of additional unlicensed homes being rented out illegally as well. Henderson has been collecting fines from renters that violate their rules, but reports indicate that this is not helping the situation sufficiently.

Therefore, the Henderson City Council will be voting this week on proposed amendments to their ordinance that governs short-terms rentals due to the blowback from residents. The recommended changes include clarifying what constitutes a violation; revising the process for filing complaints; requiring 1,000 feet separation between rentals; limiting rental duration by a particular party to 21 days; revisions to fines and fees, and more.

However, renters are threatening legal action against Henderson if the new rules are not considered reasonable or if they infringe on their constitutional rights, but expressed willingness to be flexible and work with the city council to arrive at an agreement.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

apartment damage

Some Las Vegas Landlords Experiencing Thousands of Dollars in Tenant Property Damage During Eviction Moratorium

LAS VEGAS, NV – While the eviction moratorium put into place by Nevada Governor Steve Sisolak has since expired, the end of the Nevada moratorium is finally giving Las Vegas landlords the opportunity to gain access to properties that have been home to tenants that have not been paying rent for the past six months or so, and what some of these landlords are discovering is the end of one hassle but, unfortunately, the beginning of yet another.

While most tenants relied on the eviction moratorium to avoid homelessness while furloughed or laid off due to the COVID-19 pandemic, others merely took advantage of a well-meaning program in order to get out of paying rent. Likewise, most tenants will go to great pains to leave a property in the same condition as when they moved in, but some landlords are discovering that isn’t the case with everyone.

A recent report indicates that some Las Vegas landlords who have finally been able to evict tenants for non-payment of rent are discovering – much to their dismay –  that some of them took vindictive action while exiting the premises in the form of thousands of dollars of vandalism that the landlord is now on the hook for.

Las Vegas real estate broker and property manager Geoffrey Lavell recently got the chance to inspect a property where the tenants, who had been evicted, inflicted approximately $18,000 in damage to the apartment. High-end appliances were destroyed, multiple hatchet marks were discovered on every wall, the carpet was cut out, and windows, mirrors, and furniture were broken.

“Not having rent for six months is already hard for the homeowner, but having to pay $18,000 or so in repairs is devastating,” he said. “It ruins them financially, and now I fear the only chance the owner has is to sell the property.”

Lavell said that a police report has been filed against the tenant.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Las Vegas Has Highest Increase

Bloomberg: Las Vegas Has Highest Increase in U.S. Cities of Tenants Not Paying Rent Due to COVID-19

LAS VEGAS, NV – According to a Bloomberg report, Las Vegas is the city in the United States that the highest increase in the number of residents who are not paying rent due to finical issues related to the ongoing COVID-19 pandemic.

With Las Vegas’ dependence on tourism to supply the city’s ample economy, the pandemic has wreaked havoc with the city’s finances due to the fact that people simply aren’t traveling as much these days. This has lead to major spikes in unemployment, with many local residents laid off or furloughed from their jobs and unable to make ends meet as a result.

With Nevada Governor Steve Sisolak’s state-level eviction moratorium recently expired, one with no further extensions, all that’s standing between tenants and a life of homelessness is the federal eviction moratorium signed into effect by President Donald Trump, which is set to expire at the end of the year; however, unlike the state moratorium, tenants must opt-in to Trump’s decree in order to take advantage of it.

Meanwhile, regardless, Nevada landlords are holding their breath until the end of 2020, as according to reports, September saw 10.6 percent of Las Vegas renters as having missed a rent payment, with this number representing an increase of 4.1 percent over the same time period in 2019. This is the largest increase in missed payments amongst the top 50 metropolitan areas in the United States, according to reports.

However, this does not represent the highest number of tenants missing their rent payments in the nation; that dubious honor falls upon New Orleans – another city highly dependent upon tourism to support its local economy – where 12.9 Percent of tenants missed rental payments in September, a jump of 8.6 percent from 2019.

Other tourism-dependent cities in the United States that have high levels of tenants missing rent payments due to the ongoing pandemic are Los Angeles, Seattle, and New York, reports say.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.

Sisolak

Nevada Governor Steve Sisolak Confirms He Will Not Extend Eviction Moratorium Beyond October 15th

LAS VEGAS, NV – After offering a stay of execution that has lasted for months as it relates to those who have faced financial hardship due to the ongoing COVID-19 pandemic, Nevada Governor Steve Sisolak confirmed this week that the extended eviction moratorium he has authorized – which expired yesterday, Oct. 15 – will not be extended any further, giving numerous Las Vegas landlords and property managers free reign to begin eviction proceedings against thousands of tenants starting today.

The governor noted that, at this point in time, extending the eviction moratorium further “would just be duplicative.”

Sisolak had previously extended the eviction moratorium – which he originally enacted in March to assist the countless residents who were left  unemployed and furloughed due to the pandemic – the day before it was due to expire on Sept. 1. However, Sisolak has also finally recognized the hardship his decree has laid upon Nevada landlords, who were expected to allow their tenants to remain in their homes while often receiving no rent at all, while being expected to maintain their normal level of services out-of-pocket.

Tenants were not forgiven their missed rent as a result of the eviction moratorium, however, leaving many with a cumulative debt that they probably couldn’t hope to repay. State agencies encouraged tenants and landlords to negotiate settlement amounts, and ample government resources were made available to assist financially-strapped residents with making back rent payments, but this still didn’t address all of the issues being faced by Nevada residents throughout the pandemic.

President Donald Trump has also signed a federal eviction moratorium – enforced by the Centers for Disease Control and Prevention (CDC) that is in effect until Dec. 31. However, to take advantage of it, Nevada residents have to manually opt-in; it does not take effect automatically. Also, Landlords aren’t required to notify their tenant about the CDC order, but if renters believe they are eligible, they must sign a sworn affidavit and give it to their landlord or property manager to qualify.

Shelter Realty is a Real Estate and Property Management Company specializing in the areas of HendersonLas Vegas and North Las Vegas, NV. Feel free to give us a call at 702.376.7379 so we can answer any questions you may have.