Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Feb. 23, 2023

Legislative Update: A Practical Guide to the Session

This legislative session has seen several bills that affect landlords.

Click here to check out our services.

Click here to request a consultation.

View More
Posted in Other
Feb. 1, 2023

Reviewing The Recent Changes In The Las Vegas Rental Market

We may be seeing a shift in demand and tenant quality in our market.

Click here to check out our services.

Click here to request a consultation.

View More
Posted in Market Updates
Dec. 15, 2022

Happy Holidays From Us

From our team to your family, we want to wish you a happy holiday season.

Click here to check out our services.

Click here to request a consultation.

View More
Posted in Other
Dec. 12, 2022

Funding For Rental Assistance Is Running Out

Rental assistance is coming to an end. See the details here.

Click here to check out our services.

Click here to request a consultation.

View More
Posted in Other
Oct. 27, 2022

What a Recent Court Case Means for Landlords

This court case was interesting for two very important reasons.

Click here to check out our services.

Click here to request a consultation.

View More
Oct. 6, 2022

Why You Need a Property Manager

How we helped our client resolve an issue with their rental property.

Click here to check out our services.

Click here to request a consultation.

View More
Aug. 8, 2022

What You Need To Know About Property Taxes

 

Here’s what property owners need to know about bifurcated property taxes.

 

Click here to check out our services.

Click here to request a consultation.

 

Do you understand bifurcated property taxes? This can be a tricky topic, so today I’ll explain everything you need to know about these types of taxes in our area.

 

The bifurcated property tax was implemented in 2005. Essentially, if you’re a private homeowner, your property taxes are capped at 3%. If you own an investment property, the cap is 8%. When you own a property, you’ll receive a postcard from the government where you’ll indicate if your property is a primary residence or an investment.

 

Rental properties are a bit of a gray area. When you receive your postcard, you should note that a property is a rental and how much you charge for rent. If your monthly rent is below a certain amount, you can qualify for the 3% property tax. If your rent is above the amount, your property will be treated as an investment and have an 8% cap. 

 

"Make sure you aren’t paying more than you need to."

 

The issue with this system is that we have to rely on the postal service to deliver the mail. If the county doesn’t receive your postcard, they automatically push you up to the 8% cap. Considering how unreliable our postal service can be, this happens often. Once you correct this error, you can only be reimbursed for the last year of property taxes. The law is a little unclear on this issue, so I’ll look into it further and let you know what I find. 

 

In the meantime, please call or email me with any questions about today’s topic. I look forward to hearing from you! 

 

Click here to check your property taxes.

Click here to download the Clark County Assessor's Office Tax Cap Form.

Posted in Real Estate Tips
July 6, 2022

How We Can Make More Affordable Housing

 

Why rent control won’t lower rents, and what we should do instead.

 

Click here to check out our services.

Click here to request a consultation.

 

There’s been a lot of talk about rent control recently, and the Culinary Union even introduced a ballot initiative to implement rent control in North Las Vegas. The issue with rent control is that while it sounds good, the places that enact it end up having the highest rents in the country. Rent control tends to stifle supply. 

 

People who want rent control really want affordable housing, which we also want. Rents have gone up so much that many don’t have the jobs to support the payments anymore. The rental market has reached a standstill, but the answer isn’t rent control. The way to create affordable housing is to increase the housing supply. 

 

"While rent control sounds good, it only ends up stifling supply."

 

However, Nevada has a problem with just building more housing. We have the highest percentage of federally owned land of any state in the country. Clark County is almost 90% federally-owned land. We have to buy that land back at an exorbitant price and then somehow still build affordable housing on it.

 

It will take a lot of negotiating, navigating bureaucracy, and working with our federal representatives to get that land back at a cost that lets us build the housing we desperately need. It’s a big problem, and we’d like to take it on, but we need the right people in place to help find a reasonable solution.

 

If you’d like to talk more about this issue, feel free to call or email me. I’d love to hear from you.

Posted in Other
May 6, 2022

Who Won March’s Tidy House Drawing?

Watch me impartially choose the name of our Tidy House winner for March!

 

Click here to check out our services.

Click here to request a consultation.

 

Though this blog is coming out a bit late, it’s time for March’s tidy house drawing! Watch the video above to see me fairly choose a winner from our Guardian Realty bucket. Drum roll please… and the winner is Charne from Rawhide Courtcongratulations! It’s such a pleasure to be able to reward our tenants who are taking excellent care of our houses. 

 

If you ever have any questions or want to learn more about our benefits program, please give us a call or send an email. We’d love to help you.

Posted in Other
April 22, 2022

A Word About Rent Control Legislation

Is rent control as good as some legislators say? Here are my thoughts.

 

Click here to check out our services.

Click here to request a consultation.

 

Rents have skyrocketed across the United States, and Nevada is no exception. I’ve been raising rents at a much higher rate than I ever have in the 10 years that I’ve rented out properties. The idea of rent control is altruistic, but the reasons that we’re in this so-called rent bubble are inflation and continued government interference in a market that should be left to work itself out.

 

Rent control has the opposite effect of what legislators intended. Places where rent control has been implemented, like San Francisco and New York, have the highest rents in the country—and it’s because of rent control. Fewer people move into these areas because the people who got a great deal on rent decades ago have no motivation to move, which reduces the supply of available properties. That, in turn, increases demand.

 

"Rent control has the opposite effect of what legislators intended."

 

That has the effect of drastically increasing the prices of those properties that do end up on the market. When I lived in San Francisco, a little studio apartment that might just have a kitchenette and bathroom could cost as much as $5,000 or $6,000!

 

Hopefully this has inspired you to do your research on the effects of rent control. If you have any questions or would like to talk about this in more detail, feel free to give me a call or send me an email. I look forward to having an open and honest dialogue with you.

Posted in Real Estate Tips