All Forum Posts by: Casey Powers

If someone is that hard to deal with I wouldn’t renew their lease period.

I swear the constant anti-realtor marketing sure is working. A realtor tries to help someone get a better loan rate and they think it’s some kind of problem. Folks, most realtors aren’t trying to scam anyone.

LOL. Supply side economics has never worked for most people and won’t ever. The idea that workers won’t take crap low paying jobs is utterly ludicrous. Some may not be taking them now but once unemployment runs out, they will all be back to the low paying jobs, and in LV hospitality at least, looks like those jobs will pay less than before. 
Many landlords don’t want a bunch of “roommates” renting their $400,000+ houses at $500ish each. 

I exaggerated, obviously, in my last post here. But the point of out of staters driving up the cost of housing here, and pricing out more and more locals (a sign it’s overpriced) is definitely a valid one. 

@Bill Brandt There is a point about Las Vegas housing prices being driven above what people can afford on local wages though. When a huge chunk of buyers in this market are coming with large amounts of cash from sales of CA real estate and constantly outbidding locals, IMO that’s a pretty good sign that housing prices here are getting overpriced.

What happens when local wages simply no longer support the price hikes (both in sales and rentals)? Wages here aren’t going up much, and may be going down in the hospitality industry especially, as the casinos continue in their union-busting and anti-worker efforts. Lol

Will local workers just be stuck renting the ****** fourplexes with junkies screwing and pooping outside their doors then? 😆

Yes, each state has its own laws and Nevada is much more fair than California, in terms of landlord-tenant laws. Although certain politicians here seem to be trying to make it a mini-California with their constant  efforts to ram Cali-style tenant-favored rules through the state legislature. Some of the changes they’re trying to push through this year are very one-sided in favor or renters. Hopefully those particular changes won’t pass. 

@Yohannes Afework there is mortgage forbearance for landlords with federally backed loans. However they still have to pay for insurance, repairs, property tax, utilities in many cases, HOA fees, etc.

Landlords can still terminate rental agreements with 30 day notices here, but they are not allowed to use that as a “backdoor” way to evict people for nonpayment of rent. They can also still evict for other reasons such as lease violations, property damage, posing a threat to neighbors especially in multifamily properties.

As a local investor and property manager myself, it’s my business to know this stuff.

LOL. Eviction bans are not magically gone yet. Nothing will change for a while yet.

Typically no roof repairs on condos. HOA typically covers that because it's a common expense.
SFR performs better overall in Las Vegas. Which of course is contrary to the "popular" belief on BiggerPockets. Lol

@Jack Orthman you clearly hired a bad PM. That is not remotely representative of all PMs. Unfortunately some aren’t good. Same as any other industry. In my experience those who are good at selling you on their service, aren’t that great at actually implementing the PM service. Great salespeople typically don’t make good PMs and vice versa. Heh

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