All Forum Posts by: Joe Abughazaleh

This luxurious penthouse unit in a high-rise condo hotel enjoys consistent year-round occupancy through the in-house rental program—thanks to its top-tier views, premium finishes, and desirable location. Currently managed by the building’s rental pool, the property already performs well, but savvy investors will recognize the untapped income potential with a switch to an independent management company or short-term platforms like Airbnb or Vrbo.

Ideal for use as a vacation home and income-producing rental, this unit offers the best of both worlds.

Bonus: The brand-new A’s baseball stadium is slated to open directly across the street in 2028—positioning this property for even greater appreciation and demand in the near future.

https://www.zillow.com/homedetails/135-Harmon-Ave-3320-Las-V...

Joe Abughazaleh

Leading Vegas Realty 

License # 67204

I know of a few people using this Company: https://www.nevadaresidentagen...

Best prices and selection on flooring I've found is Flood & Decor they also have some shower items, I like Ikea for cabinets prices are reasonable however turnaround time can be an issue. Lighting- I've found Costco to have some great prices on certain items and Amazon as well. Home Depot has a lot more selection online than in store for things like faucets, lighting, bathroom fixtures. Hope this helps!

@Paulo Patam you don't really need an attorney to form an LLC, the Secretary of State for NV website is pretty user friendly. Here are 2 attorney's contact info if you decide to go that route:

-Anderson Business Advisors 1-800-706-4741

-Ashworth Law 702-893-9500 

Hi @Ron Mayhew make sure to interview 2-3 PM's before you make a decision. Check out Carina Reyes at Leading Vegas Realty, she's straight up has experience and not so big that your property gets neglected. 

You should probably renew it or pay the $25.00 in your state to cancel it. If it goes into default and you want to reinstate its $100 + unpaid fees.

https://keyrealtyschool.com/ long time school and brokerage in Vegas. 

@Keith Sheridan keep an eye on the HOA fees there are 2-3 of them including the master plan community fee. Beautiful area and recently started building again, the master plan community has been through 3 BK's in the past.

@Henry Anthony Robledo Matadamas I believe this means they're delinquent property taxes, the county will give homeowner 2yrs to redeem property- Pay back taxes plus interest and they'll remove the lien (c/o Clark County). If they don't redeem it'll go to sale after the 2yrs (sales held once a year), if there's a mortgage, the mortgage company will probably pay it off to protect their interest. If they're delinquent on taxes there's a good chance they haven't paid trash and or sewer, maybe HOA as well. Those 3 entities can place liens on the property as well. Check on Clark County Recorders office website to confirm this information with the parcel number you have.

It might not be a bad idea to door knock, depends on what your strategy is and how you can help them. You might be able to get them out of their jam, i.e. pay off all liens and can walk away with some of their equity. They maybe so backed up in bills they do not have the funds to clear liens to be able to sell, if they cannot catch-up they'll lose the house and walk away with nothing. 

The reluctancy I see with clients purchasing high rise units are HOA rules and regulations such as number/size/breed of pets you can have, rental restrictions, and monthly fees are still very high. Amenities are definitely there but some have a hard time justifying that monthly fee. Also, for someone living fulltime it's a hassle to run out to the store and grab stuff or the ability to leave your home every time is a mission. Majority of high-rises in Vegas are on or near the strip where traffic to get in and out is a hassle.

There is still an oversupply of listings causing prices to come down. I agree I don’t foresee any new high-rises being built. There are still many owners who are upside down and waiting to “break-even” to sell. Owners tend to be higher net worth individuals willing to wait it out. I do believe it’ll take a long while before we see appreciation in the high-rise market. That being said it is a good time to buy if you’re in it for the long run.

Here are a few examples of current listings:

Palms Place- $270K 1Bed 1Bath, 615sq ft, $552/Month HOA, $1,761 Annual Taxes

Juhl- $300K, 1Bed 1Bath, 884 sq ft, $497/Month HOA, $673 Annual Taxes (builder will pay up to 6-months hoa during July).

Trump Tower- $290K, 1Bed 1 Bath, 533 sq ft, $445/Month HOA, $2,077 Annual Taxes

Allure- $325K, 2bed 1.5 Bath, 1,233 sq ft, $713/Moth HOA, $2,821 Annual Taxes