Between 2019 and 2022 rents soared anywhere from 25 percent to 40 percent. As rents have somewhat stabilized, it remains a healthy and profitable business venture for property owners.
Homes Columns
Association rules are usually adopted to address safety and conduct, keep values high and avoid liability. However, sometimes, rules based on the safety of residents can infringe on the rights of certain individual residents. Therein lies the battle.
The federal laws would require you to install or convert a space to a handicap one or to find some other accommodation for the resident.
Southern Nevada Water Authority is offering cash rebate on the purchase of smart irrigation controllers, which use sensors and water data to automatically adjust your irrigation system run times and the amount of water that your landscaping needs.
I agree with your community manager that the association should be providing the property insurance for your townhome. The board made the correct decision in purchasing insurance that included all buildings with two or more units.
While there can be many different approaches to managing multifamily property or a real estate portfolio, the best practices employ effective asset management as a way to get the most out of real estate investments.
You should consider speaking directly with your neighbor to see if he or she is willing to change the amount of hours and or change the schedule of hours by which the pool pump is running.
The first-time buyer share of the market dropped to 26 percent over the past year. Historically, first-time buyers make up 40 percent of the homebuying market.
Associations that are being planned, developed or under construction have a greater chance of providing the charging stations.
While many comment on the fact that fewer homes were sold than a year ago, most are failing to state that a year ago, our market was still seeing unprecedented highs north of 26 percent increase in home prices year over year. This is something we have never witnessed in our lifetime and was not sustainable. So, are we experiencing a decline in home sales from one year earlier? Absolutely we are. Is the sky falling? Absolutely not.
With federal water shortages on the Colorado River continuing to impact how much water Southern Nevada can withdraw from Lake Mead, the Las Vegas Valley Water District has enacted an excess use charge aimed at reducing unnecessarily high-water use for residential customers.
It would be unusual for their regulations to state that a family member living in the unit constitutes being a renter.
Just a heads up to my readers about the proposed legislative bills. Many of these will be revised; some not making it out of committee. For more information, you can access information on the legislative website at leg.state.nv.us .
The Nevada Housing Coalition estimates the state has a deficit of more than 105,000 affordable units and is short roughly 84,000 units for extremely low-income renters, or those earning 30 percent or less of the area median income.
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