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Real Estate News

Is your tax sheltering strategy bulletproof?

Regardless of whether you invest in the conventional market or you participate in more sophisticated investments like real estate, we are all sitting in a world of unknowns right now. All politics aside, there are a couple things that are certain. First and foremost, at the end of the day, the trillions of dollars that will have been issued for pandemic relief will need to be paid back. Secondly, it can generally be agreed upon that the recourse for those relief dollars will be through taxes. The underlying question here is, what measures are you taking in preparation of this impending tax event?

 
NBA star, ‘Pawn Stars’ leading man sell Las Vegas mansions

NBA center DeMarcus Cousins and Rick Harrison, the star of “Pawn Stars” on the History Channel, have sold their Las Vegas homes as the valley’s luxury housing market remains hot.

Send us stories of good things your HOA is doing

When the global pandemic hit last year, some communities pulled together to help each other. I decided to talk about their efforts in this column.

Senate Bill 144 will hurt struggling Las Vegas HOAs

Las Vegas has been one of the hardest-hit cities in the U.S. during this global pandemic. Please take a few minutes to contact your state senator and tell them we cannot afford SB 144.

State law backs HOA rules on garbage cans

The association has the right to develop rules and regulations. Under Nevada Revised Statutes 116.332 (2), an association may adopt rules that reasonably restrict the manner in which trash containers are stored on the premises. Under subsection 2b, the association can require trash containers be stored in the rear or side yard of the unit, if such locations exist and in such manner that the containers are screened from view from the street, a sidewalk or any adjacent property. My advice you is to comply with the association to avoid being fined.

THE LATEST
HOA board says no ribbon driveway without gate

It would have been helpful if you were given a reason so that you would have an opportunity to submit a revised request that could be approved. From what you have sent to me, it appears that you need to include the gate in order for the ribbon driveway to be approved.

HOA finds backyard fence in violation of rules

Q: I have enjoyed reading your column for several years along with the information that you get to share with the readers. I do have several questions that I am sure you will be able to share valuable information on.

State law does not have HOA rule on height of flag pole

The average size flag pole ranges from 20 feet to 25 feet. Nevada Revised Statute 116 does not include any law as to the height or location of a flag pole. Associations would need to review their governing documents and in particular their architectural guidelines. Your association can have greater restrictions on the height and location of the flag pole than that of Clark County ordiances. Your association board will just have to reach some compromise.

HOA community lighting is a matter of security

Does Nevada Revised Statues No. 116 make any reference to a homeowner’s right to install any form of security/safety device on their lot or dwelling?

Underwriting basics: Harness your inner real estate investor

Striving to become a savvier real estate investor? Then understanding underwriting basics is a building block you can’t afford to skip. Every Trust Deed investment at Ignite Funding starts with the underwriting of the loan and the subject property.

REAL ESTATE BRIEFS: FEB. 13

Kevin Sigstad, a former president of the statewide Nevada Realtors and the Reno/Sparks Association of Realtors, has been elected to serve as a National Association of Realtors regional vice president.

Housing prices still rising; supply shrinking

A recent Las Vegas Realtors report shows the local housing market started 2021 with home prices still rising and the housing supply still shrinking.

HOA community gate damaged car

I have lived in (a group of) town homes group (with) 117 units in Henderson. (It) has a gate with a sign reading: “Association not responsible for damage by gate to vehicle.”

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