ifindproperties.com

Limestone Investments, LLC

 (702) 430-7900

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.

Want to receive weekly news?

This includes our top investment picks, local real estate news with commentary and tips of the week.
Opt out anytime. We don't sell your information as that's not cool. Here are archived broadcasts.
Email Address First Name Last Name

 

Vegas Real Estate
 
Zillow forecasts that Las Vegas home values will climb 6 percent in the coming year, compared with 3.3 percent nationally. I would say that figure is pretty accurate.
 
This kind of investigation will be a waste of money as who is going to be able to prove an agent screwed the bank? The real estate division has only has one part-time investigator for Northern Nevada. With fewer investigators, the chances of anything coming from this astronomically remote.
 
This rancher made national news after refusing to pay grazing rights on BLM land. Every nut job with a gun descended on the place to defend his ranch against Federal agents. His defense was that his family hasn't paid grazing rights since they have been there. Huh? So a family hasn't paid taxes in 4 generations they shouldn't have to? I'm probably the only citizen in Vegas that thinks this guy needs to pay his fair share like anyone else.
 
This trend will continue as more resale inventory comes on the market.
 
Las Vegas’ status as the nation’s top trade show destination was reaffirmed again this week. For the 20th consecutive year, Las Vegas found itself atop the Trade Show News Network’s “2013 TSNN Top 250 Trade Shows in the United States,” playing host to 53 of the nation’s largest trade shows.
 
What the what? This is huge. If they pull this off and actually build this thing, this will have a huge impact on the economy and provide Vegas one more reason to make it a destination. With MGM and Cirgue behind it, this could be amazing.
Photo
Courtesy Vegas Inc
Ifindproperties.com
Multi Family

$141k /4 units

Occupied

Single Family

 

$95k - 3/2/2

Vacant

Commercial of the Week
Commercial

$1.4M - Strip Mall

Tenant Occupied 7.5% cap Rate

Single Family Investor Package
Commercial

$1M - 7 Houses

Tenant Occupied worth about $1.1M

Welcome Jimmy Brown - New
Commercial
We have added another maintenance supervisor to the team. He has years of construction experience and has managed numerous trades. Because we have 2 "Jim's", he is going by Jimmy.
Air Conditioning - New
 
There has been about one AC service call a day and that will probably double next month. Please remember that in Las Vegas, AC is considered an "Essential Service" which means, tenants can withhold rent if the AC is not functioning. In many cases, it's cheaper to fix it than it is to pay $75 for another technicians opinion. We use at least 4 different companies that we trust as no single company can handle all our AC problems.
Popular Links
Mass Lockout Video - This is what happens to investors who buy stuff without help.
How Does Maintenance Work
Why Partnerships Don't Work
Market Analysis Page
Evictions and how they work
Archived & recent news
Resources - popular vendors