101°F
weather icon Clear

Real Estate News

HOA board candidates must be homeowners in good standing

Under NRS 116.31034 (4a and 4b), each candidate is to make a good faith effort to disclose any financial, business, professional or personal relationship or interest that would appear to be a potential conflict of interest if the candidate was elected to the board. In addition, the candidate is to disclose whether he or she is a member of good standings. The law defines a member of good standings to be one that does not owe any assessment and or construction penalties.

A look at short-term rental rules for local municipalities

With all of the recent news pertaining to short-term rentals, I thought it would be important to provide specific information per city and county regulations.

Law does not support HOA ‘holding water bill hostage’

It is my opinion the collection agency cannot hold hostage your water bill. The water bill is a separate and distinct expense and is not part of the association’s dues. Association dues consist of the common operating expenses and not the expense of a specific unit owner’s water usage.

More new new state laws that affect HOAs

This is the second column in a two-part series on new state laws that will affect Las Vegas communities.

A look at new laws that will affect Nevada HOAs

In a two-part series Barbara Holland will review new state laws that will affect our Las Vegas homeowners associations.

THE LATEST
Heated discussion could erupt over delay in pool reopening

Our pool hasn’t opened, and it should for the residents. The HOA board has the authority to open it. It’s record-setting heat in Las Vegas. What can we do ?

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.

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:

1 2 3 62