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Limestone Investments LLC

(702) 430-7900 Office

Click Here to Pay Rent
(702) 690-9201 Maintenance Hotline

Lease W/Option

Full Service

Tenant Placement

Fees
50% of the option fee.
 Start Up $0
Optional
5% for rent collection and management.
 
Bounties to other agents are included.

 

Monthly
10% for single family properties
$50 per door on multi family properties
 Start Up $100 (each door in a multi family)
Optional
Bounty to other agents.
Fees
75% of first month rent
 Start Up $0
Optional
Bounty to other agents.
Advantage: This gives you the most cash out of your property as your tenants are responsible for most repairs, they pay more than market rent and they pay you directly. You also get better quality tenants with a lease with an option to purchase your property. This list shows you what we have available if you want to see examples. Also, a Federal Tax ID or EIN is not required as the tenant can pay you directly. Advantage: You can kick back and let us deal with the headaches. We generally charge $30 for each service call and you get to see the vendor's invoice. In many cases, the tenant pays that service call. Major rehabs can cost up to 5% over vendor invoice. Advantage: We find your tenant and then they pay you directly. There are no monthly charges. You get free access to our vendor list. You will manage your own repairs and pay them directly. Once we collect your deposit and first month's rent, we are out.
Disadvantage: There is a chance you can lose money at the end of a lease/option. Disadvantage: You will get the least amount of cash out of your property. Disadvantage: You will be dealing with rent collection and the tenant will be calling you if something goes wrong. You get to experience our profession.
The owner must have at least 10% equity in the property. Foreign nationals must have a EIN#. Only available to locals.
 
 
 
We offer The Most Solutions
No other company in Las Vegas offers all three types of services. We also have the largest lease/option inventory available with over 3,400 tenants on our waiting list.
Fast Customer Service
Multiple phone numbers for emergencies.
Hundreds of vendors are in our data base for quick response.
Vendors are coordinated via the web for accurate information
Non-Exclusive
No long term contracts.
No up front fees.
You can leave at any time.
Instant Access
Login to your property to get instant information on status and tenants.
You can change advertising terms & conditions 24x7.
Paid When Tenants Placed
We don't get compensated until we find your tenant. Since 1997
Broker has been managing properties.
Experience in single family, multi-family and commercial.
Broker has general contractor experience in dealing with all trades.
Tenants Placed Quickly
We place 4 tenants a week during the summer.
Hungry agents are commission only.
Advertise everywhere (Signs, MLS, Craigslist...)
Tenants Pay or Leave
"Elegant Departures" are the most common form of evictions.
Court appearances are no problem. We eat lawyers for breakfast.
"Lock Outs" are used as a last resort.
Licensed Property Managers
4 fully licensed property managers.
Education and activities monitored by the state.
Trust accounts monitored by the state.
Solid Reputation
References
Most of our business is by referral.

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Vegas Real Estate
 
Volume is down but used-home prices inched past the $200,000 mark last month. The median price of single-family homes sold in September through the Greater Las Vegas Association of Realtors’ listing service was $202,500, up 1.3 percent from August and 12.5 percent from a year ago. This trend will not continue through the winter.
 

While home sales picked up last month, first-time buyers, a critical component for a sustainable recovery, remained on the sidelines. They accounted for 29 percent of sales for a third straight month, below the 40 percent to 45 percent that is considered ideal by economists. Investors are still driving the real estate market but they won't be for long.

 
Switching strategies from renting to selling, I think this is a good move. Fremont is bustling and there is more demand for upscale housing near the area. By the time leases have expired next summer, they will be primed for selling.
 
This trend will continue as the boarded up hotels along Fremont street get converted to cute and interesting hotels. All the prostitutes and drug dealers are getting pushed along towards boulder highway.
 
Inspirada, with about 1,350 homes so far, is currently planned for 8,500 homes but nowhere near completion and will take years. Developers built houses en masse without buyers in place in 2006. But today, they typically break ground only after a buyer steps up, a slower, more cautious approach.
 
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Book To Be Released
Foreclosure

A Fist Full of Properties

Estimated release date will be December 1st. This book was written for property management companies - tips and techniques for a profitable business.