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Real Estate News

Removing the HOA board won’t solve the insurance problem

Note: Gov. Steve Sisolak signed the Emergency Directive 033 adjusting the statewide standards on gatherings. The new directive adjusts the previous limitations on gatherings from 50 people to 250 people or 50 percent of the occupancy, whichever is less. This applies to both indoor and outdoor venues.

SUR702 apartments in southwest valley nearly occupied despite COVID-19

Westcorp Management Group, a Nevada multifamily property management team, has nearly completed the lease-up of SUR702, a luxury apartment community at 6614 Blue Diamond Road in southwest Las Vegas. Less than six months after opening, the community is more than 70 percent leased and expects to be completely occupied within the next few months.

How the Las Vegas housing market is thriving in 2020

The Las Vegas Raiders aren’t the only new tenants to find this market on fire. The Las Vegas housing market has been downright thriving in 2020. Even during an international pandemic, that’s been true: the median home price in Las Vegas for July was $310,000, which means a trend of growth of 5.1 percent, year-over-year.

Law says homeowner can place political sign in yard

Besides the issue of opening or not opening up the pools, the displaying of political signs has been a hot topic for homeowners and board members.

Attorney says SB4 does not offer HOAs complete immunity from liability

I continue to receive emails each week concerning homeowners association boards that have not yet opened their amenities, specifically their swimming pools. My column has noted the various restrictions and requirements that have been set by our governor’s directives by Local Empowerment Advisory Panel, or LEAP, and by the Southern Nevada Health District. The opening up of the swimming pools is not an inexpensive proposition for boards.

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Former HOA president accused of creating havoc

Nevada Revised Statute 116.31184 addresses threats, harassment and other conduct that is prohibited by this law. The law further clarifies as follows: The action causes harm or serious emotional distress or the reasonable apprehension thereof to that person or creates a hostile environment for that person. A person who violates this provision can be found guilty of a misdemeanor.

Southern Nevada home prices rise; fewer homes sell

A report released Wednesday by Las Vegas Realtors shows local home prices setting another all-time record despite the coronavirus pandemic, though fewer homes sold in August than during the same time last year.

Home + History mix of vitual, live events

The Nevada Preservation Foundation usually holds its annual Home + History tours in April. This year, the events will be a mix of live and virtual activities. Most of the events are sold out. They started on Friday and will continue through Sunday.

HOA board member has a lot of questions

Note: Last week, we left out the names of my column’s guest writers. They are John Leach, Cheri Hauer and Donna Zanetti of the law firm Leach, Kern, Gruchow, Anderson and Song.

Nevada Realtors statement on eviction moratorium extension

This week, Nevada Realtors issued a statement from NVR President Chris Bishop about Nevada Gov. Steve Sisolak’s Aug. 31 announcement that extended the state’s moratorium on evictions for another 45 days beyond the original Sept. 1 expiration date:

How to know if real estate is right for you

Should I go into real estate? Real estate is a unique opportunity. Let’s go back 10 years, when we had the downturn. What was selling? Even with thousands and thousands of foreclosures. People still bought homes and the industry kept going.

Move 4 Less assists HELP of Southern Nevada clients

Seven former homeless adults are sleeping in their own beds in their own apartments. They are clients of HELP of Southern Nevada, who have entered the nonprofit organization’s Hospital to Home housing program. To make their transition from homelessness a reality, Move 4 Less assisted HELP of Southern Nevada by moving new mattresses and frames into the seven client apartments.

New bill limiting COVID-19 liability covers HOAs

During the 32nd Special Legislative Session, the Nevada Legislature passed and the governor signed Senate Bill 4, which limits liability for COVID-19 related claims for most businesses and nonprofits. Initially, the bill did not cover common-interest communities, but thanks to the work of industry groups such as Community Association Institute of Nevada’s Legislative Action Committee (CAI LAC) and the Nevada Association of Community Managers (NACM), SB 4 was amended to include our industry.

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CALV to host virtual Commercial Education Day

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