Why Las Vegas Is The Right Market It should be no surprise to hear that Las Vegas is an excellent housing market to invest in. Investors are receiving top-dollar rents. Nevada boasts over 3 million people and continues to have one of the strongest growth rates in the country. Clark County is home to nearly 75% of Nevada’s 3+ million residents with almost half of those households choosing to rent. The unique job opportunities, sunny weather, and abundant activities for all ages make the Las Vegas area an attractive place for many individuals and families to call home. Las Vegas…
LAS VEGAS, NV – When the largest alternative investment firm in the world decides that your city is ripe for sinking their dollars into on a vast scale, it all but cements you as a hot property, and for all intents and purposes, that’s just what Las Vegas has become in recent months. The Blackstone Group is an American multinational private equity, alternative asset management, and financial services firm based in New York City. It specializes in private equity, credit, and hedge fund investment strategies, and it has recently turned its sights on the Southern Nevada region and the current real…
LAS VEGAS, NV – After Las Vegas has endured the effects of a burst housing bubble in the mid-2000’s – a phenomena that occurred nationwide but was felt acutely in the Southern Nevada region more than most – the real estate market in the midst of a rebound that is equally as impressive as the previous decline was bad. The economy is rebounding and jobs are coming back; as a result, housing options are in big demand, supply is tight, and prices are steadily climbing, and, due to this, the rental market is displaying a similar surge as well, as…
Commercial Property Management Commercial Property Management Our commercial property management services include: ROI (Return On Investment) One of the most important issues in Las Vegas commercial real estate, is to ensure the Landlords ROI. We know our Landlords have acquired the best possible real estate and mortgage deals they could. Shelter Realty also wants to ensure ROI for our Landlords. We do so by creating precise budgets from the very beginning. Additionally, we review profit and loss reports monthly, which help us to determine where we may be loosing money and therefore where more cost control, may be needed in…
Getting a Mortgage Loan in Las Vegas – Some Tips You Should Follow 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, you should be aware that the 30 year fixed rate mortgage varies from 3.85% to 4.54% in the beginning of 2012 and therefore any prospective homebuyer in Las Vegas can easily think of taking out a home…
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, so here’s a list of 10 questions to ask before you make on offer on your Las Vegas condo. Question #1: What about the HOA? Most Las Vegas homes, whether they’re single-family or condos, have homeowners associations (HOAs). Before you buy, you want to check up…
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 and how much you’re able to use for your new home. A good rule of thumb is that your new home’s value should equal between two to three times your gross income (that means if you make $100,000, your new home should cost no more than…
Property Management FAQ’s Accounting Processes Accounting – What is your fee structure? Additional Requirements: Accounting – What property management accounting software do you use? Shelter Realty Property Management’s landlord, tenant, statements, banking, monthly payments… and all other secure and sensitive information is managed through the number one property management software company, Appfolio.com. One of the benefits of Appfolio is that our tenants and landlords can login to view their accounts, receive payments and pay bills. And more importantly, Appfolio is a security fortress that keeps everyone’s personal information totally safe and private. Accounting – How will I get reports? Our…
Financing a property with no down payment is still possible for Las Vegas buyers who are eligible for a VA Mortgage Loan.
In 2010, the government rolled out a supplemental program to Home Affordable Modification Program called HAFA. HAFA stands for Home Affordable Foreclosure Alternatives. This program was specifically designed to facilitate short sales and “Deed-in-lieu” of foreclosures. From the very beginning there was strong skepticism from real estate professionals who specialized in selling distressed properties about the ability of this program to deliver. Housingwire.com reported that between April and December of 2010, only 661 deals had closed under the HAFA program nationwide. Over-Promised, Under-Delivered HAFA has many fatal flaws. First, it was born of another complete failure, the HAMP program. Secondly,…
Las Vegas Short Sale Questions Short Sale, Loan Modification, Foreclosure, Deed-in-Lieu, Deficiency Judgements… There are so many possible scenarios and options to consider if you are in a position where your mortgage balance is higher than your property’s current value, and you need to sell or workout a plan for a more affordable monthly mortgage payment. As the real estate laws, government regulations and failed housing stimulus plans continue to change on a regular basis, many homeowners are left in a paralyzed state of confusion about what the best course of action to take is. The following list of Frequently…
Selling a Home in Las Vegas, Nevada? Selling Your Property The real estate professionals at Shelter Realty are experts in the Las Vegas real estate market and will guide you through the entire process of selling your property. Our marketing plan is designed with the mission of giving your property maximum exposure via strategic Internet placement as well as through our local affiliations. We recognize that every seller has a different scenario that requires specific attention to detail. Please contact us today so that we can tailor a marketing plan around your needs. Here are some examples of the powerful…
