Wednesday, April 8th saw the Real Estate Insider Club meeting for the first time at our new location at the Fairway Hospitality Center at Putter’s Bar & Grill on Rainbow at the 215. Since reformatting the club earlier this year, attendance has grown each meeting and we quickly outgrew our space at Tommy Bahama’s.
This meeting was another success as attendees enjoyed presentations from several guest speakers as well as our usual commentators. As we helped ourselves to the dinner included in the $25 entry fee, Jenna Bohannon from Old Republic spoke about home warranty options. She detailed which pre-existing conditions can be covered by home warranties and which are excluded as well as other general information.
Jenna was followed by regular presenter and “Las Vegas Realtor on the street” Scott Meservey. Scott presented sales statistics and MLS data from March and pointed towards inventory that is depleting month over month and median sales prices that are holding steady as possible indicators that we may quickly be approaching a bottom in the beleaguered Las Vegas real estate market.
Rich Warren shared his viewpoint on the broader national economy. With government intervention at an all time high, Rich noted that the billions of dollars being spent by the Feds to stimulate the national economy may be exacerbating the nation’s woes. By desperately trying to throw money at the problem, the government is quite possibly simply delaying the inevitable upcoming crash and thereby delaying the start of a recovery period as well.
We were then privileged to hear from James Jackson, a government employee who works with the Section 8 housing program. He explained the benefits landlords can achieve by seeking Section 8 tenants for their properties. He also explained possible downfalls and how to protect yourself as a landlord. His talk was well received and he fielded several questions on specifics from interested investors.
Tamara Bostrom from Spiral Digital Media shared with the group several tips for how entrepreneurs, investors and small business owners can use internet marketing to generate leads and increase exposure. She specifically mentioned that establishing yourself as an expert within your particular niche is a great way to effortlessly network and bring in new clients. She also discussed the importance of projecting a professional image through great design. Hiring a graphic design firm, such as Spiral, to create a logo package, design business cards and produce a great website will help businesses to stand out from the crowd in these tough economic times.
Our final speaker of the night was Darci Poloni of Poloni & Associates. She discussed the benefits real estate investors can achieve by placing their properties in separate LLC entities as opposed to keeping them held in the name of the individual. She touched on spreading liability, umbrella insurance policies and other protections. She also discussed some of the specific practices that must be maintained once LLCs are formed in order to insure that the corporate veil cannot be pierced if litigation is ever brought against the entity.
We are looking forward to another great meeting on Wednesday, May 13th from 6-8:30pm at the same location.
If you would like to contact any of our speakers regarding their services:
Jenna Bohannon
Old Republic
(800) 445-6999
jennab@orhp.com
James Jackson
Section 8 Housing Program
(702) 451-8041 X1530
jjackson@haccnv.org
Tamara Bostrom
Spiral Digital Media
(435) 275-5980
tamarabostrom@gmail.com
Darci Poloni
Poloni & Associates
(702) 616-9240
poloni-law@cox.net
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