I had to chuckle this morning, when I read an article talking about how easy it is to expand your real estate business by adding property management services. Easy, huh? I beg to differ.
Although it’s certainly true, the steady income of property management activity is enticing, setting up and running a property management operation is entirely different than running a real estate sales business. Yes, your real estate pre-licensing education may have provided the minimum training you are required to have in order to be a property manager (some states require specialized licensing for property management), but did you learn anything about the business of managing investment real estate? If more than an hour of your pre-licensing education was dedicated to property management activity, I’d be surprised.
A few days ago, I participated in a discussion around security deposits. The issue at hand was whether a landlord (property manager) could increase a security deposit for a single tenant, and not run afoul of fair housing laws. I maintain that YES, in Nevada, you can charge different deposit amounts for different tenants.
Governor Sandoval has signed into law SB368 which affords fair housing protections to the LGBT community in Nevada. The bill, co-sponsored by Senators Sheila Leslie and David Parks, adds to Nevada’s existing protected classes under fair housing law (race, color, religion, gender, national origin, family status, ancestry, disability) two more classes of individuals: gender identity/expression and sexual orientation. Despite some pretty heated testimony in opposition to the bill, it made its way through both the Senate and Assembly without amendment.
With the passing of the first significant deadline in the 2011 Nevada Legislature, several bills failed to make it out of committee. Nonetheless, a number of real-estate related bills are moving forward. I will continue to track these bills, and provide updates, periodically: Continue reading “Nevada Legislative Update”→
The Alliance Defense Fund (ADF) is representing the woman, free of charge, and it says, “Clearly, this woman has a right to pick and choose who she wants to live with. Christians shouldn’t live in fear of being punished by the government for being Christians.”