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Real Estate News

Dogs over 40 pounds not welcome in community

You would need to check with the association’s legal counsel as to whether you should grandfather or whether you should start enforcing the restriction to all existing violators. Expect push back as not only is this a public relations issue but, face it, if you are a dog owner, your dog is part of your family.

Spouses cannot serve on HOA board at the same time

You would not be able to serve on the board at the same time your wife is serving, per Nevada Revised Statute 116.31034 (10)(a)(1).

Real estate investing is not a one-trick pony game

Ignite Funding, a hard money lender, experienced zero defaults in 2020, a pitfall that many lenders and real estate developers were unable to avoid due to the global pandemic. Ignite Funding has not taken this achievement lightly, knowing that many in the lending industry were not left unscathed. Ignite Funding attributes this success to their lending philosophies and the various steps they take to mitigate the company’s overall exposure to risk. Risk mitigation is exceedingly important as Ignite Funding’s sole operation is to provide thousands of investors the opportunity to participate in real estate investments through trust deeds.

SB 186 bad for Nevada HOAs; could cause lawsuits

Senate Bill 186 will expose Nevada community associations to civil lawsuits over foreclosures. It will also cause an increase in association assessments and create needless paper waste.

Things HOA boards should consider during COVID reopening

There is a lot of confusion out there concerning COVID-19 reopening protocols and how it affects our homeowners associations. Communities across the valley are struggling with how best to address this situation. I have invited Las Vegas attorneys Michael T. Schulman, Gregory P. Kerr and David Stern to weigh in on this very important subject.

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Don’t get swept up by home repair scams this spring

April showers bring May flowers — along with a list of projects to tackle around the house. If your spring-cleaning agenda includes minor or major home renovation plans, it’s likely you’ll require the services of a contractor to help your vision come to life. Whether updating your flooring, renovating your kitchen or building a pool or spa, it’s always important to hire licensed contractors who are in good standing with the Nevada State Contractors Board

Homeowner thinks HOA board wants too much information

I was wondering if a homeowners association can make you tell them how many people live in the house, what kind of car you drive and the size and weight of your pets.

HOA raises funds for Make-A-Wish of Southern Nevada

During this COVID year, our Las Vegas communities have done good things for their residents. I have opened this column up to share those stories with my readers. We have this one for this week:

HOA changes color scheme and it’s a mess

For many associations, the original paint scheme is not available any more. The paint colors simply don’t exist and more “modern” colors have come to replace the older ones. Even if this is the case with your association, there should be some consistency of colors for the residents to prevent the “mixed-match mess-up.

SB 144 dies in committee; other bills could affect HOAs

Great news: Your emails and calls helped to kill Senate Bill 144. Please take the time to thank the Senate Judiciary Committee on SB 144 for listening to our concerns.

Law supports mobile home park caring for community cat

My understanding of the law is that the association cannot force a resident from caring for the feral cats or forcing the resident to remove the feral cats from the community. You can contact the local municipality to ascertain their interpretation of the law.

Proposed bill could cause financial crisis for HOAs

Are you ready for a major financial crisis for your homeowners association? Well, Senate Bill 144 will make the Great Recession and the COVID-19 pandemic look like child’s play.

HOA pool restrictions expected to relax in May

I expect changes concerning HOA pools to be announced on May 1. I think restrictions will be modified, allowing more use of the facilities by homeowners.

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?

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