Click here to close now.




















Welcome!

News Feed Item

Las Vegas Real Estate Agent closes sale on Investment Property in 60 days

Las Vegas real estate agent, Tania Michaels, closes a sale on an investment property in central Las Vegas

LAS VEGAS, Dec. 9, 2012 /PRNewswire/ -- Las Vegas real estate agent, Tania Michaels of Focus Commercial Group, has closed a sale on an investment property in Las Vegas.

The property was on the market nine days and had received multiple offers. It sold for just over list price and closed escrow in sixty days. The buyer utilized a conventional loan to purchase the property.

Michaels has released a new online tool for obtaining the most reliable information on Las Vegas home values. The online tool retrieves data directly from the local MLS.  Users can also receive a monthly snapshot of their Las Vegas home values.  The tool can be accessed here: http://www.MichaelsRealEstate.com/LasVegasHomeValues

Initial challenges in selling the property involved a lack of tenant cooperation. Some buyer's agents reported being locked out by the tenant.  Other agents who were finally able to gain access recounted disturbing physical conditions. One agent claimed "...it was so bad in there, I had to put my shirt over my nose to breath."

By the close of escrow, the property had become vacant.  "The most common challenge with selling an occupied rental property is gaining the tenant's cooperation. Unless the owner compensates the tenant, there is no real motivation for the tenant to work with us and keep the house open to potential buyers," says Michaels.  Selling a vacant investment property, however, also has its challenges.  "Vandalism is a high risk right now.  Unexpected serious damage, like a water leak, can go unnoticed for days when no one is there to report it.  And then, obviously, there is the loss of rental income.  If a rental property is vacant, the key is to sell it fast," notes Michaels.

Selling the property quickly is a welcome relief for out of state property owners who often incur expenses that local owners may not. Many property management companies charge extra to oversee projects outside the scope of collecting the rent. So not only does the owner pick up the tab for maintenance and legal fees, but many are also paying project management fees for repairs or upgrades not covered by the management company's contract.

Another challenge frequently encountered by out of state owners is finding the right Las Vegas real estate agent.  Displeasure with services received from their property management company can cause owners to start looking elsewhere for another real estate company to handle the sale, which can take time.  Michaels' client indicated hiring her after just one phone conversation.  "I had been given referrals...many people had been sending me letters and calling me but when I talked to Tania, I knew she was the one.  She is calm and takes the time to explain things.  I was confident in her even though I had never met her.  It's wasn't complicated but it took time.  In the end, I went with my gut."  

Call 702-546-6432 to speak with a Las Vegas real estate agent.

About
Tania Michaels is 16 year Las Vegas real estate agent who specializes in Seller representation.  

Las Vegashttp://michaelsrealestate.com/lasvegashomevalues

If you have an interest in selling your Las Vegas real estate, Tania can be reached through her website at:  http://michaelsrealestate.com/schedule-an-appointment/

Photo(s):
http://www.prlog.org/12039388

SOURCE Michaels Real Estate Group, LLC

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with ...
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. The DevOps approach is a way to increase business agility through collaboration, communication, and integration across different teams in the IT organization. In his session at DevOps Summit, Chris Van Tuin, Chief Technologist for the Western US at Red Hat, will discuss: The acceleration of application delivery for the business with DevOps
The speed of software changes in growing and large scale rapid-paced DevOps environments presents a challenge for continuous testing. Many organizations struggle to get this right. Practices that work for small scale continuous testing may not be sufficient as the requirements grow. In his session at DevOps Summit, Marc Hornbeek, Sr. Solutions Architect of DevOps continuous test solutions at Spirent Communications, explained the best practices of continuous testing at high scale, which is rele...